Brazil will surpass the United States as the largest producer of soybeans this year, taking over the top ranking for the first time in history, oilseeds crusher group Abiove said on Friday. The U.S. is expected to harvest 116.48 million tons of soybeans later on in 2018, falling short of Brazil’s estimated collection of 117 million tons for its crop year that is just drawing to a close, Abiove said, citing United States Department of Agriculture figures released on Thursday.
Farm equipment manufacturers in Brazil are expecting g on strong sales this year, boosted by a second straight bumper soy crop and rising grain prices, which will more than offset weakness in the sugar cane sector, they said at a major trade show. Some machinery producers are forecasting sales growth as high as 8% in 2018 as farmers’ confidence rises and record-low interest rates encourage them to borrow and invest.
Brazil will harvest 87.28 million tons of corn in the 2017-18 season, federal government crop agency Conab said in a monthly report, down from 88 million tons in its February report. The 2016-17 harvest was 97.84 million tons.
A Uruguayan rural school teacher who suffered the consequences of agro-toxics spraying from neighbouring soybean crops has won a civil court demand against the fumigation company. The court ruled that Agronegocios del Plata, ADP, must compensate Silvia Nobelasco the equivalent to 6.800 dollars.
Brazil held forecasts for a record 2012/2013 soybean crop with the latest estimate from Conab, the Brazilian crop bureau, at 82.6m tons, towards the top of the range of 80.1m-83m tons previously anticipated and representing a jump of more than 20% year on year.