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Brazil’s new soy crop seen at 109.43mn tonnes

Brazil’s new soy crop seen at 109.43mn tonnesSAO PAULO: Brazil’s 2017/18 soybean crop should reach 109.43 million tonnes, according to an average from projections sent by analysts in a Reuters poll, as impacts from an early dryness in the season remain uncertain.

A previous poll in October saw a projections’ average at 109.39 million tonnes.

Brazil should plant 34.8 million hectares (85.99 million acres) with soybeans in 2017/18, compared to an average view of 34.77 million hectares in October, as more farmers opt for the oilseed instead of corn in the first crop of the year.

Copyright Reuters, 2017

Source: Brecorder.com

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