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LESS BIODIESEL, MORE SOY

Analysis of the Brazilian grain market shows that for soybeans in grain, there was a decrease in the processing estimate in 2023 from 51.43 million tons to 50.68 million tons. The reason for the change in the estimate is that the percentage of mixing biodiesel with diesel fuel in the first three months of 2023 is expected to be 10%, previously Brazilian experts estimated this factor at 12%. With such an expected reduction in grain processing, the estimate of the final stocks of soybeans in grain in the 2022/23 harvest will increase from 5.28 million tons to 6 million tons - Agrorisk


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