Now that the 2023-24 planting season is underway in Brazil, we are starting to see production estimates released. 

The Brazilian firm CONAB is estimating Brazil’s soybean crop for this year at 162.4 million metric tons compared to last year’s 154.6 million metric tons. An acreage increase of 2.7% is credited for the larger crop. CONAB is predicting a Brazilian corn crop of 119.8 million metric tons this...