Brazil Soybeans: Production Further Reduced Based on Harvest Results Soybean production in Brazil for marketing year (MY) 2023/24 is estimated at 155.0 million
metric tons (mmt), lower by 1.0 mmt (1 percent) from last month, and lower by 7.0 mmt (4 percent)
from last season’s record crop. Harvested area is estimated at a record 45.9 million hectares (mha),
unchanged from last month, and up 1.3 mha (3 percent) from last year. Yield is estimated below
the 10-year trend at 3.38 tons per hectare (t/ha), down 1 percent from last month’s yield, and down
7 percent from last year’s record yield. Current harvest results led to the lower production this
month. (For more information, please contact Sunita.Yadav-Pauletti@usda.gov.)