Uruguay: Soybean harvest exceeds forecasts, prices skyrocket

Average yields of 3,000 kilos per hectare and high prices combine to leverage the level of exports.

RIO DE JANEIRO, BRAZIL - The soybean harvest in Uruguay, which is about to end, exceeded forecasts. Continued high prices, which last week hit another record high of US$652 in Chicago, combined with exceptional yields of 3,000 kilos per hectare on average, resulted in a soybean season that was expected to be good but will close even better.

Soybean exports from Uruguay will be around US$1.75 billion by 2022, according to projections . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?