Datagro: Brazil's 2023/24 annual soybean production forecast to 147.57 million tons

Golden Ten Futures, May 24, according to foreign media reports, agricultural consultancy Datagro said on Friday that Brazil's 2023/24 annual soybean production forecast was lowered to 147.57 million tons, and its previous output forecast was 147.96 million tons. Datagro said that Brazil's 2023/24 annual soybean production forecast is expected to decrease by 10.8% compared with the previous estimate, which is the reason for the downward revision of Brazil's soybean output forecast.