Brazil to harvest record 167 mln tonnes of soybeans in 2024/25: Rabobank

Brazil’s soybean crop in 2024/25 is forecast at a record 167 million tonnes, up by 9% year on year, as the sowing delay should not compromise crop development and rain should allow for it to pick up, while corn output is expected to increase by 3 million tonnes to 125 million tonnes, Rabobank said in a report on Wednesday October 30.