February 28, 2012
Agroconsult cuts Brazil's soy crop outlook by 1.1 million tonnes
On Monday (Feb 27) Agroconsult cut its outlook for Brazil's soy crop by 1.1 million tonnes to 69.9 million tonnes from the 71 million tonnes it had forecast earlier this month.
A separate consultancy, Agrural, cut its own forecast to 68 million tonnes on Monday from the 70.2 million tonnes it had forecast in January.
Brazil's grains crops have suffered a harsh drought in southern states which top soy state Mato Grosso escaped.
