Three Major Producers of Soybean - Production Expected for 2013 2014

by Eduardo Petazze The September 12, 2013 the USDA released its WASDE report. Regarding Soybeans, due to the methodology used to make their estimates should not expect changes in the production estimate for Argentina and Brazil, and a slight decrease in its August estimate for U.S. production (see our projection at this link) On October 9, 2013 the Brazilian CONAB release its first survey for the harvest 2013/2014 Regarding Soybeans should expect a moderate increase in both acreage and production (see historical production at this link) For Argentina, this link details the historical production of soybeans and our expectation for the year 2013/2014. The following table summarizes our expectations for the top three global producers of soy Soybean production 2012/2013 final number 2013/2014 WASDE estimate 2013/2014 (own) estimate Own estimate / previous year Own estimate / last WASDE Own estimate Area (ha) 30,798,196 30,909,080 30,909,080 0.4% 0.0% USA Yield (kg/ha) Production (t) 2,665 82,068,246 2,867 88,613,186 2,814 86,977,890 5.6% 6.0% -1.8% -1.8% Area (ha) 27,721,500 28,250,000 29,091,935 4.9% 3.0% Brazil Yield (kg/ha) Production (t) 2,938 81,456,700 3,009 85,000,000 3,058 88,970,669 4.1% 9.2% 1.6% 4.7% Area (ha) 19,418,825 19,500,000 20,451,500 5.3% 4.9% Argentina Total (t) Yield (kg/ha) Production (t) 2,539 49,306,202 212,831,148 2,744 53,500,000 227,113,186 2,767 56,588,900 232,537,459 9.0% 14.8% 9.3% 0.9% 5.8% 2.4%