Demand, Ending Stocks Key to Variation in Brazil Soy Production Estimates

A major revision to historical Brazil production and use data is needed for the USDA and its Brazilian equivalent Conab to reach a consensus on the true size of the 2023-24 Brazilian soybean crop. In a Farmdoc Daily article earlier this week, Joe Janzen, Joana Colussi, and Scott Irwin of the Department of Agricultural and Consumer Economics, University of Illinois, delved into the possible reasons why the USDA’s estimate of the 2023-24 Brazil soybean crop is so much higher than Conab&rsquo