According to recent information published by the US Department of Agriculture (USDA), global soybean production in the running season is likely to amount to round 403 million tonnes, with Brazil, Argentina and the US accounting for 81 per cent of that figure.
Around 402.8 million tonnes of soybeans are expected to be produced worldwide in 2023/24. In other words, the USDA lowered its July forecast by 2.5 million tonnes. Nevertheless, this translates to a big increase of almost 33 million tonnes on the previous marketing year. Above all, the harvest outlook for the US was revised downward. The US soybean
Around 402.8 million tonnes of soybeans are expected to be produced worldwide in 2023/24. In other words, the USDA lowered its July forecast by 2.5 million tonnes. Nevertheless, this translates to a big increase of almost 33 million tonnes on the previous marketing year. Above all, the harvest outlook for the US was revised downward. The US soybean
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