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Feature: US soybean 2023-24 production woes likely to boost Brazilian exports in 2024

September 14, 2023 Comments Off

The US soybeans production forecast in marketing year 2023-24 (September-August) has been sliced significantly since pre-season estimates amid sizable acreage cut and prolonged unfavorable weather, likely supporting Brazil’s oilseed exports early next year, analysts and market observers have told S&P Global Commodity Insights. Just before the oilseed sowing for MY 2023-24 began mid-May, the US soybean production was forecast at…