Brazil set to overtake the US as the world’s largest soybean producer

American farmers hit by US-China trade conflict and extreme weather Brazil is racing ahead of the US as the world’s largest soybean producer, as a trade war and extreme weather take a toll on American agriculture. The Latin American country’s newly planted crop is likely to yield 121.1m tonnes of soybeans in early 2020, agricultural agency Conab said on Tuesday. That is 25 per cent more than the just-harvested US crop of 96.6m tonnes.  “This is the first time ever, it appears, that we will have a smaller…
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