The US Department of Agriculture (USDA) expects the global soybean harvest to hit a record at 410.6 million tonnes in 2023/24. This would be a rise of 11 per cent or 40.2 million tonnes from 2022/23.
If this forecast were to come true, soybean production would see the sharpest yearon-year rise in ten years. The forecast is mainly based on significantly higher yield expectations in Argentina following this year's historic drought. Argentina accounts for more than half of the expected harvest increase, with production reaching 48.0 million tonnes (+21 million tonnes on the previous year). Brazil, Uruguay and Paraguay account
If this forecast were to come true, soybean production would see the sharpest yearon-year rise in ten years. The forecast is mainly based on significantly higher yield expectations in Argentina following this year's historic drought. Argentina accounts for more than half of the expected harvest increase, with production reaching 48.0 million tonnes (+21 million tonnes on the previous year). Brazil, Uruguay and Paraguay account
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