South America Calling
Wed Mar 25, 2015 02:58 PM CDT

Excellent yields across the south of Brazil and strong results in the center-west states of Mato Grosso and Mato Grosso do Sul prompted Agroconsult, a local farm analytics firm, to raise its 2014-15 soybean forecast to 95.8 million metric tons (mmt).

The forecast represents an 11% jump on the previous record crop produced in 2013-14 and is higher than most market numbers that sit in a range between 91 mmt and 95 mmt.

"Drought did affect crops but in lesser-producing regions. The big soybean areas produced extremely well," Andre Pessoa, director of Agroconsult, told a press conference in Sao Paulo ...

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