AgRural, a local farm consultancy, lowered its 2013-14 Brazilian soybean crop view by 1 million metric tons (mmt) to 86.0 mmt in the latest in a long line of forecast revisions following disappointing late-season weather.
The reductions come after dry January and February weather in the states of Parana, Santa Catarina, Sao Paulo, Minas Gerais and Goias.
AgRural's figure is at the low end of crop estimates, which range from 86 mmt to 90 mmt.
In Parana, the No. 2 soybean state, dry weather in January and the ...