From The GWPF

Brazil’s 2019-20 grain and oilseed crops are poised to reach record production of 245.8mn metric tons (t), boosted by an increase in acreage and a recovery in the soybean crop, which will also likely break a record.

The number would mark an increase of 1.6pc from the last cycle. The total area planted is also expected to reach a record of nearly 64mn hectares (158mn acres), up 1.1pc from last year’s season, the country’s agricultural statistics agency (Conab) said today in its first report on the new season.

Farmers have already started planting soybean and corn in some southern and west-central areas of the country. Both commodities – including the winter corn crop, sowed after the soybean harvest – account for 90pc of all Brazil’s grain and oilseed crops. Other crops included in the total are sunflower, barley and peanuts, among others.

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