BRAZIL AND ARGENTINA GROW HALF OF WORLD’S SOYBEANS

ARGENTINA’S CROP WAS ESTIMATED AT 54 MILLION TONNES, UP NEARLY 2% FROM THE FEBRUARY ESTIMATE. The U.S. share of global soybean production is falling for a second year while its two South American oilseed rivals pass a milestone. Brazil and Argentina will grow 53% of the world’s soybeans, with a combined output of 180 million tonnes in 2019/20, estimated the USDA in its monthly WASDE report. Aided by record plantings, Brazil’s soybean crop was estimated at a record 126 million tonnes, up 1% from…
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