Sunday, October 20, 2013

Fiesp 2023 Brazil soybean production projection

Here is a chart from a recent Fiesp presentation.
They are thinking that Brazil will be at 119 million tons
of soybeans by 2023.

Given recent expansion rates, it should be no
problem to get there. BUT, we need shipping
logistics and soybeans in Chicago to stay above
10 dollars/bu and preferably 11 dollars/bu consistently 
to foresee these volumes come to fruition. 

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