World Agricultural Production (WAP) Circular

November 2017 Update

Brazil Soybeans: Production Forecast Higher

Brazil soybean production for 2017/18 is forecast at 108.0 million metric tons (mmt), up 1.0 mmt or 1 percent from last month but down 5 percent from last year’s record. Harvested area is estimated at a record 34.9 million hectares (mha), up 0.2 mha or 1 percent from last month and up 3 percent from last year. Yield is forecast at 3.09 metric tons per hectare, up slightly from last month but down 8 percent from last year’s record. Yields for 2016/17 were at record levels in many parts of the country due to a combination of exceptionally favorable weather and technological improvements.

The area planted to soybeans is estimated to again increase this season at the expense of firstcrop corn. According to government and trade sources, planting intentions reflect an even World Agricultural Production 2 higher preference this season for soybeans over first-crop corn, due to the large corn supply and disappointing financial returns of last year’s record corn harvest.

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