SAO PAULO, Brazil (DTN) -- Brazil's Agriculture Ministry Thursday raised its forecast for the 2013-14 soybean crop to 86.1 million metric tons (mmt) from 85.4 mmt last month.
The figure, compiled by the ministry's crop supply company, or Conab, is 5.6% higher than last year and brings the government number in line with private forecasts issued over the last couple of weeks.
The increase was due to an adjustment in forecast planted area. Conab added 514,000 acres to its April number, taking area to 74.1 million acres.
Drought, pests and disease hurt production in the south, while rain delayed the ...