Brazil’s Soy Surge: A Robust Outlook for the 2023/24 Harvest

Brazil’s soybean production is on the rise, with the Brazilian Association of Vegetable Oil Industries (Abiove) revising its 2023–24 harvest forecast to 153.2 million tons. This update signifies an increase from previous projections, driven by improved yields and expanded cultivation areas. Soybean crushing remains constant at 54.5 million tons. Both soy meal and soy oil […]