OMAHA (DTN) -- Private analytical firm Informa Economics sees larger corn crops in Brazil and Argentina and maintains its forecasts for large soybean crops.
The firm also presented forecasts for Argentine production in 2016 that highlighted a big shift to corn following changes in the government's export tax policies.
Informa raised its forecast for Brazilian corn production to 81.6 million metric tons, slightly higher than USDA's 81.5 mmt estimate. In Argentina, the group calls for 26 mmt, more than USDA's estimate of 25.6 mmt, based on its recent survey of producers.
On soybeans, USDA sees Brazilian farmers harvesting 100.5 mmt, ...