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Senior Contributor

USDA projection: Brazil to be accountable for 44% of soybean exports in 10 years

According to a projection from the US Department of Agriculture, the United States would export 30 percent (43.8 million tons) of the total international soybean market, while Brazil would be accountable for 44 percent (63.8 million tons) of the soybean exports in 2022/23 season. Argentina would harvest 12.1 percent or 17.5 million tons in that projection.

 

The Brazilian government says that the USDA forecast confirms the Brazilian expectation of being one of the major "strategic agricultural players" in the world.

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Honored Advisor

Re: USDA projection: Brazil to be accountable for 44% of soybean exports in 10 years

Thanks Luis,

 

We think it is a bit funny how usda knows what the production will be ten years out.  At the same time is not sure about last year.

 

Ten years is a long time ------------ but that prediction represents the farmland in production so It is probably safe.  If Brazil can build a few more train rails.

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Honored Advisor

Re: USDA projection: Brazil to be accountable for 44% of soybean exports in 10 years

Can't predict yesterday's news......but can predict 10 years from now?    A lot can happen in 10 years.

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Senior Contributor

Re: USDA projection: Brazil to be accountable for 44% of soybean exports in 10 years

Looks like Brazil is diverting its money to wants,  instead of the roads and rails it needs:

 

 

Brazil to get its first nuclear subs

Brazilian President Dilma Rousseff takes part in the meeting at Planalto Palace, in Brasilia, on February 27, 2013. Brazil is set to join the select group of countries that have nuclear-powered submarines, President Dilma Rousseff said. AFP - Brazil is set to join the select group of countries that have nuclear-powered submarines, President Dilma Rousseff said Friday.

Rousseff stressed Brazil was committed to peace but also needed its defense deterrent, as she inaugurated a naval shipyard in Rio de Janeiro state where the country's first nuclear-powered sub is set to be built in partnership with France.

"We can say that with these installations we are entering the select club of countries with nuclear submarines: The United States, Russia, France, Britain and China," said Rousseff.

Known as the Metallic Structures Construction Unit, the factory in the city of Itaguai near Rio de Janeiro is part of the ambitious ProSub program launched in 2008.

 

 

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