Bulkers poised to benefit as Brazil gears up for record soybean crop

Brazil is expected to produce a record volume of soybeans for this harvest season from mid-February to mid-May, according to forecasts from the US government.

The US Department of Agriculture (USDA) estimated that South America’s largest country will grow 153m tonnes of the commodity for the 2023 harvest, up 18.2% from a year ago and up 9.7% from the 2021 harvest.