June 9, 2011

Brazilian soy crop forecasts raised to record 75 million tonnes

Brazil's 2010-11 soy crop was forecast at a record 75 million tonnes, up from the 73.6 million tonnes projected in May, the country's government crop supply agency, Conab, said  on Wednesday (Jun 8).

This was Conab's ninth estimate of the crop.

Brazil, which finished harvesting the 2010-11 crop in May, brought in 68.7 million tonnes of soy in the previous season.