Brazil Soy Crop Forecast Cut to 116.9 Million Tonnes Amid Dry Spell
Reporting by Marcelo Teixeira and José Roberto Gomes; editing by Diane Craft and Grant McCool, Reuters
via Successful Farming/Agriculture.com - 1/9/2019
SAO PAULO, Jan 9 (Reuters) - Brazil’s 2018/19 soybean crop forecast was cut to 116.9 million tonnes on Wednesday from 121.4 million tonnes late in November, said consultancy AgRural, blaming extreme heat and a dry spell in southern areas for the smaller projection.
Last week, broker and analyst INTL FCStone had announced a similar reduction on its estimates for Brazil soy output. Brazil, the world’s largest exporter, is in the initial stages of the harvest.
AgRural said that weather conditions in recent weeks have basically erased...