
Soy production will be 90 million tons, just off a January forecast of 90.3 million, and still 10.4 percent higher than last year, Conab said. For soy, grain and rice combined, Conab now expects 2013 to show a 3.6 percent increase overall, to 193.6 million tons.
Last month it had forecast a combined total of 196.7 million tons -- but January saw very low rainfall in much of the giant country. Brazil's Institute of Geography and Statistics gave its own 2014 forecast of 193.9 million tons, three percent up on last year's 188.2 million tons, which was, itself, the best return on record....
Soybean photo from the US Department of Agriculture
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