News summary
Datagro on Friday cut Brazil's 2023/24 soybean production forecast to 180millionpowerball.475.7 billion tons80millionpowerball, a decrease of 0.2% from previous estimates, mainly due to the expected decline in yields of 10.8%.
Newsletter text
[Datagro lowers Brazil's soybean production forecast] Agricultural analyst firm Datagro announced on Friday that it will cut Brazil's soybean production forecast for 2023/24 to 147.57 million tons, a decrease of 01.1 million tons from its previous forecast.
This change is blamed on a sharp decline in yield forecasts, which was reduced by 10.8% from the previous forecast, which directly affected the country's soybean output expectations.