hEDGEpoint Global Markets: Brazil's 2022 soybean production forecast was lowered to 133.3 million tonnes, about 5 million tonnes less than the January forecast due to drought. Brazil will not be able to surpass last year's record projected production of 137.3 million tonnes. Brazil's soybean crushing capacity in 2022 was 45.5 million tonnes, down 1.5 million tonnes from January forecasts. Brazil's soybean exports are estimated at 86.5 million tonnes in 2022, down 2 million tonnes from January's forecast.
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