StoneX raises its Brazilian soybean crop estimate 400,000 MT to a record 154.2 MMT on Wednesday. The firm said, “Despite the concern for the dry weather in southern Brazil, which led to another cut in the coast of Rio Grande do Sul, the prospects for the rest of the country remain very positive.” StoneX forecasts Brazil’s corn crop at a record 129.9 MMT.
StoneX Raises Brazilian Soybean Crop Estimate
The latest estimate from StoneX raises its Brazilian soybean crop estimate to a record level.
(Stock Photo)
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