Top global soyabean exporter Brazil is expected to produce a record soyabean crop this season, agrimoney reported on 11 January.
Brazilian crop agency Conab, revised its soyabean harvest forecast upwards by 1.35M tonne to a record 103.80M tonnes, up 8.8% year-on-year.
This was based on good climate conditions, which would see yields bounce back after a disappointing harvest in the previous season, agrimoney said.
According to Conab, the area planted to soyabeans was up 1.6% and farmers had also increased the use of agricultural inputs compared to the previous harvest.
Conab also revised its corn crop forecast upwards by 700,000 tonnes, to 84.5M tonnes.
In Mato Grosso, the top growing state, Conab said that the timing of rains "allowed farmers to work within the ideal window of the oilseed crop".
"With this, the attention turns to the development of the crop, for which conditions are excellent," Conab said.
Yields in Mato Grosso were expected to rise by 10.3% year-on-year, with planted area up 1.3%.
And while soyabean plantings in Parana state were seen down 3.8% year-on-year, much needed rain in December now meant conditions were excellent, Conab said.