Brazil's soy industry association, Abiove, has raised its 2015 soybean export view to a record 50.3 million metric tons (mmt) amid a bumper harvest and extremely high shipment levels over the last three months.
The forecast was raised 3.3% on the June calculation and represents a jump of 9.3% on last year.
The soybean crush figure was also raised by 1 mmt to 40.1 mmt.
A review of the supply outlook prompted the industry to raise its 2014-15 soybean crop forecast by 0.7 mmt to 94.4 mmt.
Abiove raised its average export price estimate from $370 to $380 per ton, ...