NEWS
Agroconsult Pegs Brazil Soy at 84 MMT
Alastair Stewart South America Correspondent
Thu Jan 17, 2013 11:03 AM CST

SAO PAULO, Brazil (DTN) -- Agroconsult on Thursday became the first major forecaster to peg Brazilian soybean output at 84 million metric tons (mmt), breaking the consensus that the 2012-13 crop would come in between 80 mmt and 83 mmt.

It raised its outlook for the 2012-13 crop by 900,000 metric tons to 84.0 mmt in light of the highly favorable weather conditions across the grain belt over the past month.

As such, output will be 29% higher than last year and considerably outstrip the previous record of 75 mmt.

The Agroconsult announcement is the latest in a series of ...

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