Date of this Version
Cornhusker Economics, April 25, 2018, agecon.unl.edu/cornhuskereconomics
Brazil has become a strong competitor in world soybean production. In 2014, Brazil produced 28% of the world’s soybeans, while the United States produced 34%. Brazil increased its production sharply during the 1990s and 2000s, partly due to the expansion into the Amazon forest region. Soybean was one of the main commodities that led to this expansion. In 2016, the Legal Amazon region produced 33% of the Brazilian soybean production compared to 15% in 1990 (Figure 1).