South America Calling
Alastair Stewart South America Correspondent
Thu Jan 22, 2015 01:00 PM CST

Soybean crops across a broad eastern strip of the Brazilian grain belt are in urgent need of rain after a dry first half of January, Agroconsult, a local farm consultancy, said Thursday.

The consultancy lowered its soybean forecast by 800,000 metric tons to 93.9 million metric tons (mmt) in January due to the situation and said its figure could be lowered further unless it rains significantly in the next 10 days or so.

"It has been exceptionally dry in Bahia, for example, and heavy rain isn't forecast. Losses could easily mount there," Andre Pessoa, an Agroconsult director, told journalists in ...

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