Brazil to increase soybean planting for the 15th year, says Datagro

Driven by strong demand, Brazilian producers are prepared to expand their soy area for the 15th consecutive year, according to a survey by consulting firm Datagro, on Friday.

The world’s largest soybean producer and exporter will increase its planted area by 4%, to 40.57 million hectares in the 2021/2022 cycle, said Datagro, which estimated that Brazil will produce around 144.06 million tons of soybeans in the next harvest; farmers will start planting around September.

If confirmed, next year’s production, which is harvested from the end of January, will be 5% higher than the 136.96 million tons of production estimated in 2021.

The chart below shows a comparison of Brazilian exports of soy and corn in the period from January to May in the last five years. Data are from DataLiner:

Brazilian Soybean and Corn Exports (HS 1201 and 1005) | Jan to May 2017-2021 | WTMT

Graph source: DataLiner (click here to request a demo)

The first corn plantings in Brazil will also expand by around 4% to 4.56 million hectares in the new season, as demand for corn – a key ingredient for cattle feed – remains strong, projections show.

Source: Money Times

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Biggest global soy producer, Brazil to increase planting for 15th year, says Datagro – Money TimesBiggest global soy producer, Brazil to increase planting for 15th year, says Datagro

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