Brazil to pass U.S. as top soybean producer
CEDAR RAPIDS, Iowa – An Iowa State University expert says long-term trends and recent weather patterns have put Brazil in a position to overtake the United States as the world’s leading producer of soybeans.
Chad Hart is a grain markets specialist at Iowa State, and he says the market change “has been building over a long period of time, but this year will be a milestone.”
Hart said U.S. farmers can’t match the rate at which Brazil is increasing the acres for soybean crops.
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