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Re: Sincal 2022 forecast, Maja Twitter
Rabobank may be high but they are one of the entities that has been consistently close to the consensus of those that make projections. It is correct to consider everyone who reports but the lowballers like IBGE and Conab are typically much lower than consensus. Sincal doesn’t seem to have any record of past projections. That would be interesting. In 2020 Rabobank was lower than what his considered to be the actual production of 70m. ECOM was right on the money. Still ECOM is typically high. The market will tell us what is reality.