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Post reduces its MY 2021/2022 soybean production estimate to 41 million metric tons (MMT), 4 MMT below the official USDA estimate. Despite rains in January which forestalled greater losses, high temperatures and dryness in December and early January caused considerable damage in key growing areas and depleted soil moisture reserves.
This report replaces the report number MO2022-0003. The tariff rates for lentils and chickpeas have been updated based on new information from the Ministry of Agriculture.