USDA revises Argentina’s soybean production forecast up by 1.1m mt

The USDA attache in Argentina has revised upwards its forecast for the soybean crop in Argentina, predicting that farmers there will harvest 54.1 million mt of soybeans in the current marketing year due to beneficial weather. The figure from the attache, also known as “Post”, is up 1.1 million mt on its previous forecast in December.

Source: AgriCensus