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Some "did-you-know" on this Tuesday Comparing Mato Grosso, #Brazil w/ Illinois + Iowa (top 2 U.S. states for #soybeans)
Both cracked 1 bln bu for the 1st time in 2014/15Both account for ~28% of natl outputMT high: 35 mmt (19/20)IL+IA high: 33 mmt (18/19)
Mato Grosso is about 3x the size of Illinois+Iowa.
Mato Grosso planted about 10 mln ha of #soybeans in 2019/20 (about 11% of its land area).
Illinois+Iowa planted 20.75 mln acres of soy in 2018/19 (about 28% of its land area).