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Estimates for 2021/22 soybeans in Southern Brazil reduced

RIO DE JANEIRO, BRAZIL - Recent rains in the two states have helped temporarily, but more rain is needed to recharge the soil moisture after one of the worst droughts in recent memory.

The Department of Rural Economics for the state of Paraná (DERAL) lowered their estimate for the 2021/22 soybean crop to 12.8 million tons compared to 13.1 million last month.

This is 39% lower than their initial estimate of 21 million at the start of the growing season and 35% lower than last year’s production of 19.8 million tons.

In their latest assessment of . . .

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