Market consulting firm INTLFCStone has made another reduction in its estimate of Brazil’s soybean crop.
“We lowered our production estimate from our Brazil team to 112.2 million metric ton, down from 116.3 million metric ton last month,” says Arlan Suderman INTLFCStone’s chief commodities economist. “USDA’s latest estimate was all the way back in December, at over 122 million metric tons.”
Brazil’s crop has been hurt by hot and dry weather. Last year it produced a record crop of almost 120 million tons.
Continue reading INTLFCStone lowers its Brazilian soybean estimate at Brownfield Ag News.
