NEWS
Fri Jan 25, 2013 04:48 PM CST

SAO PAULO (Dow Jones) -- Brazilian agricultural consulting group Safras & Mercado on Friday raised its estimate for the ongoing 2012-13 soybean crop to 84.69 million metric tons, up from a previous view of 84.31 million tons.

Farmers have just begun harvesting the crop, a record for the South American country that should leave it ahead of the U.S. as the world's top soybean producer and exporter.

"Although we didn't make a big change in the numbers for planted acreage and yields, the most important thing at this point is that weather is contributing," Safras said in a press release. ...

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