Brazil's agriculture ministry refined its forecast for 2014-15 soybean output in its latest crop report.
Production is pegged at a record 89.3 million metric tons to 91.7 million metric tons, a slightly tighter range than the 88.8 mmt to 92.4 mmt forecast in October but with a similar center point.
The official figure for the world's No. 2 crop is at the low end of the range of forecasts for the current crop, which go as high as 96 mmt.
Production is seen growing 3.7% to 6.5% from last year on a 2.3% to 5.1% increase in area.
The report, ...