Hedgepoint cuts Brazil's 2023/24 annual soybean production forecast to 146 million tonnes
2024-05-23 03:24:47
Golden Ten Futures, May 23rd, according to foreign media reports, Hedgepoint Global Markets said that in addition to Rio Grande do Sul, most states in Brazil have basically completed the harvest, and Rio Grande do Sul is the reason why its production forecast is very different from that of Conab. The impact of floods will be much greater than the predicted value of the current Conab. It is expected that the harvest in Rio Grande do Sul will reach 18.20 million tons, and the production forecast in the central and western regions will be revised up to some extent to offset the impact of the reduction in Rio Grande do Sul. Therefore, Brazil is expected to achieve 146 million tons of soybean harvest in 2023/24, which is 4.10 million tons lower than the previous estimate and 1.70 million tons lower than the Conab estimate. < br > < img src = "https://flash-scdn.jin10.com/960ae8ca-2b2c-4699-9293-0dd4623ad6bd.png" referrerpolicy = "no-referrer" >
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