2023/24 PARAGUAY SOYBEAN PRODUCTION: 10.1 [9.4–10.8] MILLION TONS, UNCHANGED FROM LAST UPDATE
2023/24 Paraguay soybean production is unchanged from our last estimate at 10.1 [9.4-10.5] million tons thanks to widespread dryness off-setting concerns of excessive moisture.
Our area estimate is fractionally below the USDA’s World Agricultural Outlook Board (WAOB)’s 3.55 thousand hectares, which projects national level production and yield at 10.3 million tons and 2.9 tons per hectare (tph), respectively (vs. LSEG Ag Research’s 2.9 tph).