Conab said in the study that Brazilian soybean exports could grow even more if there were weather problems in the U.S.
Where corn and soybean crops fight for acres, in Brazil, soybean profits win out.
With prices remaining low, Brazilian farmers are using bin storage space to hold on to their soybean crops and either selling corn or storing it on the ground.
A storage shortfall could cost the Brazilian corn farmers as prices remain lower. Only the most well-heeled farmers are able to afford storage.
Brazil's soybean harvest is described as spectacular.
Brazil’s ag industry is challenged with combining technology with the current economic environment.
The corn planting is progressing too.
Heavy rainfall has kept the soybean harvest in check throughout Brazil.
Southern parts of Brazil are falling behind on harvest, due to wet weather. More rain is hitting those areas this week again.