StoneX raised its Brazilian soybean crop estimate by 3 MMT to a record 157.7 MMT. The firm expects Brazil to export 96 MMT of soybeans in 2022-23.
StoneX increased its Brazilian corn crop forecast to 131.3 MMT, up 740,000 MT from last month. The increase came amid a bigger first crop estimate, as the safrinha forecast was trimmed 260,000 MT from last month. StoneX expects Brazil to export 48 MMT of corn in 2022-23.
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