South American might to increase crop yield in 2016-2017

28th June, 2016

Argentina could boost corn acreage by 20% during 2016-2017 growing season, while Brazil could increase soybean yield at least 1 million acres, according to analysts.

South American could increase crop yield after Argentina government announce to take off the tax on corn and could ship corn to the U.S., said Don Roose of U.S. Commodities. “We have a world surplus of corn and wheat.” Roose observed. He expects that Brazil’s soybean yiels could increase by 1 million tons, reaching to 105 million tons. “If Brazil produces a 3.8 billion-bushel beancrop, then the same output as the U.S.”

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