USDA Commissioner: Brazil 2024/25 annual soybean crop production is expected to be 161 million tons

Gold Ten Futures October 24th, according to foreign media reports, the United States Department of Agriculture (USDA) under the Overseas Agricultural Service in Brazil Commissioner Zhou said in a report that Brazil is expected to 2024/25 annual soybean production of 161 million tons, higher than the previous estimate of 160 million tons. 2024/25 annual exports are expected to be 102 million tons, another record high, and higher than the previous estimate of 99 million tons. 2024/25, Brazil's soybean crushing volume is expected to rise to 55.50 million tons, an increase of 2.5% over the 2023/24 annual estimate.