NEWS
Thu May 8, 2014 07:38 AM CDT

GUARUJA, Brazil (Dow Jones) -- Brazilian farmers will produce a record 86.6 million metric tons of soybeans in the 2013/2014 growing season, the country's crop agency, Conab, said Thursday.

That is a slight increase from the 86.1 million metric tons forecast last month, and a jump from the 81.5 million metric tons produced in the previous season. But it is a decline from the 90.3 million metric tons forecast in January.

The worst drought in 80 years in some soy- and corn-producing areas, and heavy rains in the most important soy-growing state, Mato Grosso, has hurt the harvest of both ...

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