Prediction of soybean yield increase by SCI (12.14)
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Last Update: 2003-03-12
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Source: Internet
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Author: User
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OA show ('918 '); as there are new signs that the soybean planting area in South America is increasing, SCI has raised its forecast value of soybean production in South America based on the above reasons, which is 1.1 million tons higher than the last forecast and 5 million tons higher than last year At present, Brazil's soybean production is expected to reach 33.6 million tons, 1.2 million tons higher than the previous record Argentina's soybean planting area increased by just less than 15%, and its output is expected to reach 23.5 million tons If this yield is achieved, it will be 3.3 million tons higher than the previous Argentine soybean production record Uruguay's soybean production is expected to reach 3 million tons, in line with previous records Exports of soybeans from the United States are expected to decline in the second half of 2000 / 01 due to weaker competition for exports from South America next spring It is expected that of the new 5 million tons of soybean supply, about 2 million tons will be exported and squeezed between March and August 2001, while others will be sold in the new crop year in the United States.
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