Brazil Soybean Forecast Cut to 66.2 Million Tons: AgRural

By Lucia Kassai - Apr 30, 2012
BLOOMBERG
Soybean growers in Brazil, the world’s second-biggest producer after the U.S., will harvest less of the oilseed than previously forecast after dry weather cut yields in the country’s south, AgRural Commodities Agricolas said.

The outlook for the crop year that started Sept. 1 was cut to 66.2 million metric tons, from 66.7 million tons estimated on March 26, the Curitiba, Brazil-based crop researcher said in an e-mailed statement. Output will fall from a record 75.3 million tons in the previous crop year.