Analysts see Brazilian soybean production at 153.6 million tonnes in 2022/23

Foreign media on December 7th: Brazil’s National Commodity Supply Corporation (CONAB) will release its supply and demand forecast for December on Thursday. Analysts expect Brazil’s soybean production to rise, a survey showed.

According to the survey results participated by seven analysts, Brazil’s soybean production in 2022/23 is 153.6 million tons, slightly higher than the 153.5 million tons estimated by CONAB in November.

Analysts’ forecasts range from 150.5 million tonnes to 155.1 million tonnes.

In addition, analysts on average expect Brazil’s 2022/23 corn production to be 127.8 million tons, 1.4 million tons higher than CONAB’s forecast last month.