NEWS
South America Calling
Alastair Stewart South America Correspondent
Mon Jul 27, 2015 02:59 PM CDT

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, ...

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