South American soybean market share rose to 40% (12.14)

At the seminar held by the American seed trade association, it was pointed out that the soybean export of Brazil's central and western regions is expected to increase significantly, which shows that South America has a good prospect in the global soybean export market
Experts pointed out that the soybean production in South America accounts for about 34% of the world's total, and this share will be expanded to 40% in the next 20 years The soybean production potential in cerrado region in the Midwest of Brazil is very huge The land that can be used is about 338 million acres, and the actual land area for planting crops is only 115 million acres, and about 240 million acres can be cultivated This area is located in the Great Plains of South America, It has the geographical advantage of agricultural production Although the land in this area is poor in ridge and soil water is insufficient, the rainfall in August and September is sufficient, which can make up for the water demand of the soil At the same time, the land price in this area is cheap Experts estimate that a farmer in Brazil's Mato Grosso province costs about $2.38 per bushel of soybeans to grow, which is lower than the cost line of Iowa, a major soybean producing state in the United States Although Brazil's local transportation costs are high, it can still provide farmers with an accurate price limit Soybean acreage in South America has grown 28 million acres in the past 20 years, compared with just 3 million in the United States The United States increased soybean production by 400 million bushels, while South America increased soybean production by 1.5 billion bushels Although the soybean production in the United States is close to half of that in the world, the advantage of South America in the global soybean market is increasing In view of this, experts call on the United States to attach importance to the cultivation and development of soybeans and manufactured products from a strategic perspective, so as to provide more diversified soybeans and soybean products to the market Argentina's soybean planting area is expected to be about 26 million acres this year, a big increase over the previous year, but unlike Brazil, Argentina's soybean planting costs are more expensive than other crops.