Hot, dry conditions during February in Brazil's south, southeast and beyond are hurting late-planted soybeans, which are in reproductive stages, said AgRural, a local farm consultancy, on Monday.
If temperatures don't drop and rains don't return before Feb. 15, the consultancy said it will lower its Brazilian crop forecast of 88.8 million metric tons.
Concerns are counterbalanced by reports of good early yields in the center-west, which hasn't been greatly affected by the dry spell, with Mato Grosso, the No. 1 soy state, performing particularly well.
Brazil's soybean harvest is picking up pace. As of Friday, farmers had harvested 12% ...