Brazil’s Crop Shifts: More Cotton and Wheat, Less Soybean and Corn in 2024
In 2024, Brazil anticipates higher yields of cotton, beans, rice, and wheat, offsetting decreases in soybean, corn, and sorghum production. According to the IBGE's February agricultural survey, the nation projects a 4.7% drop in overall cereal, legume, and oilseed production, totaling 300.7 million tons, 14.7 million tons less than in 2023. Notably, soybean output may […]