Industry Trend Analysis - Brazil: Soybean And Corn Yields To Revert To Trend In 2017/2018 - AUG 2017
BMI View : We forecast Brazilian production of corn and s oybean to have peaked in 2016/ 17, following record expansion of cultivated lands and near-record yields. Pro duction will fall in the 2017/ 18 season, as farmers take into account financial constraints resulting from low prices and government austerity. Areas planted will remain at current levels, but yields will revert to trend.
Final estimates for the Brazilian soybean harvest 2016/17 have been announced, confirming a bumper crop of 113.9mn tonnes. Record output has been driven by unprecedented areas planted, at 34.2mn hectares, and a range of factors that boosted yields to levels surpassed only in 2011, including:
Near-optimal weather conditions. There has been steady rainfall and less extreme maximum and minimum temperatures.
Soybean Reaches Its Peak Brazil - Soybean Production ('000 tonnes), Hectares Planted ('000 hectares) And Yields (kg/ha) Sources: CONAB, BMI
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