Aprosoja, an association representing thousands of grain farmers in Brazil projects the country’s soybean production at 135 MMT. The group said the estimate is based on information collected from its branches in 15 states. Besides the hot and dry conditions that damaged Brazil’s soybean crop through December, excess rainfall in certain areas of these same states is disrupting harvesting, which may lead to even greater losses. Aprosoja said its crop forecast could be revised lower if the weather does not improve.
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