NEWS
Bryce Anderson DTN Ag Meteorologist and DTN Analyst
Fri Jan 9, 2015 04:33 PM CST

The Brazil ag ministry, abbreviated CONAB, issued its latest projection for the 2015 Brazil soybean crop this week, with a 95.9 million metric ton number. That is obviously a huge crop--amounting to more than 3.5 billion bushels. It's not quite equal to the U.S. total of 3.8 billion bushels or so (depending on what we see in Monday's report) but it's certainly in shouting distance.

However, the way the weather pattern is acting, that 95.9 mmt projection could quite possibly be the high-water mark for this year's Brazil crop. The general trends have been favorable, but the past couple weeks ...

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