News & Publications
April 17, 2024 |
Just how big is Brazil’s crop?
The significance of Brazil's corn and soybean production is a topic that deeply intrigues us and fuels ongoing debates.
Just six months ago, delays in soybean planting caused a spike in soybean prices, only for the market to retract as conditions improved. Such estimate fluctuations and discussions are a familiar sight among our southern neighbors. Yet, what's particularly fascinating now is the perspective offered by both the USDA and Conab.
Last week, both Conab and the USDA released their crop production reports simultaneously—Conab's in the morning and the USDA's in the early afternoon.
