Projection is that Brazilian soybean production decline from 113.93 million tons of soybeans in the 2016-2017 harvest to 107 million tons in the 2017-2018 harvest. Brazil’s 2016/2017 crop is expected to reach 238.7 million tons which is 28% higher than the previous year, because of better climate conditions and improved productivity. This includes 114 million tons of soybeans and 97.71 million tons of corn.