NEWS
Conab Ups Soy Crop Forecast
Thu Feb 7, 2013 03:38 PM CST

BRASILIA (Dow Jones) -- Brazil's soybean crop, already forecast to be a record harvest, will be even bigger than previously expected after high prices in international markets encouraged farmers to plant more of the oilseed, government crop agency Conab said Thursday.

Brazil's soy production for the 2012-13 harvest should increase 25.7% to 83.4 million metric tons, the agency said in its report. The soy crop is being harvested from late January through June.

Brazil's 2011-12 soybean crop shrank about 12% from the previous year, to 66.4 million tons, as yields plunged due to a severe drought in southern states. The ...

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