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El Niño threat looms large over Brazil’s bumper soybean, corn harvest prospects in MY 2023-24

October 19, 2023 Comments Off

Brazil’s quest to have yet another bumper soybean and corn harvest is hanging in balance amid the imminent threat of El Niño, a weather pattern that typically brings wide variations in rainfall across the country. According to the latest forecast by National Agricultural Supply Company, or Conab, Brazil is projected to produce 162 million mt of soybeans in the marketing…