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For marketing year (MY) 2022/23 Post projects continued expansion of soybean planted acreage to 1.225 million hectares (HA) and production of 2.8 million metric tons (MMT).
Post reduces estimated 2020/2021 soybean production to 2.125 million tons on dry conditions in February and early March, resulting in reduced exports of 1.97 million tons.
Post reduces estimated 2020/2021 soybean production to 2.125 million tons on dry conditions in February and early March, resulting in reduced exports of 1.97 million tons.
Post forecasts 2017/18 area planted to remain stagnant at 1.2 million hectares. This area and a return to historical yields are forecast to produce 3 million tons.
A locust attack in Santa Cruz devastated around 1,500 hectares of agricultural land.
A historic drought in Bolivia is causing water restrictions in households in the capital of La Paz and reducing grain and oilseed production output by 27 percent in 2016.
Post forecasts 2016/17 production area at 1.1 million hectares, a decrease of 8 percent from Post’s area estimate of 15/16.
In a time of tight margins due to lower commodity prices, only soybeans make financial sense.