Brazil and Argentina re-affirm their shares in the global soybean market this crop year. Whereas Brazil is expecting another bumper crop, Argentine soybean output is projected to fall significantly short of the previous year's figure.
Brazil, the US and Argentina are the world's main soybean producing countries, collectively accounting for 81 per cent of global soybean output. India follows a long way behind with a share of 3 per cent. According to a USDA estimate, Brazil is seen to harvest an all-time record of 153 million tonnes of soybeans in the current crop year, which would be up around 23.5
Brazil, the US and Argentina are the world's main soybean producing countries, collectively accounting for 81 per cent of global soybean output. India follows a long way behind with a share of 3 per cent. According to a USDA estimate, Brazil is seen to harvest an all-time record of 153 million tonnes of soybeans in the current crop year, which would be up around 23.5
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