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BRAZIL TO PASS U.S. IN SOYBEAN PRODUCTION, BRACES FOR HUGE CROP
Farm Progress reports:

Brazil is expected to harvest more than 90 million tons of soybeans this year, overthrowing the U.S. as the leading soy-producing country, Brazilian President Dilma Rousseff and Ag Minister Antonio Andrade announced during a harvest-opening event Tuesday in Mato Grosso.

Rousseff and Andrade released agricultural and economic information during the event, noting that Brazilian farmers will harvest approximately 196.3 million tons of grain in total this season.

In addition to a big harvest, Brazil's agribusiness gross domestic product is expected to grow 4% in 2014 and achieve its highest-ever gross value of production.


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