Brazil-based consulting firm AgRural trimmed its Brazilian soybean crop estimate by 700,000 MT to 152.9 MMT amid cuts to production forecasts in Rio Grande do Sul, Parana and Mato Grosso do Sul, which were partially offset by small increases in other states. The firm lowered its Brazilian corn crop estimate by 400,000 MT to 123.9 MMT given drought stress in Rio Grande do Sul. Both crops would still be record-large. As of last Thursday, AgRural estimated the country’s soybean harvest was 1.8% complete versus 4.7% on this date last year.
AgRural Lowers Brazilian Crop Estimates
Brazil-based consulting firm AgRural trimmed its Brazilian soybean and corn crop estimates.
(AgWeb)
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