1/ "#Brazil Starts Planting Grain Crop with Forecast of a New Record," by Joana Colussi bit.ly/3kE0H2N
#Farmers in Brazil began planting in September for what is expected to be a recording-breaking 2021-2022 harvest.
#Farmers in Brazil began planting in September for what is expected to be a recording-breaking 2021-2022 harvest.
2/ The first projection from CONAB (National Supply Company in Brazil) projects farmers will produce 289.6 million tons of soybeans, corn, cotton, rice, and beans – accounting for nearly 95% of the total grain produced in #Brazil. bit.ly/3kE0H2N
3/ About 99 million acres are expected to be devoted to #soybeans, and about 51 million acres to #corn, both records. bit.ly/3kE0H2N
4/ The projections are based on high international prices and profits in 2021, depreciation of the #Brazilian real relative to the U.S. dollar, an expected increase in exports, and the profitability forecast for 2022. bit.ly/3kE0H2N
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