date:Dec 12, 2012
are higher than USDAs projection for Brazil, which are estimated to be 81 MMT and 70 MMT, respectively.
Last week, analysts at FCStone do Brasil shaved 2 per cent off their estimate for Brazils 2012/13 soybean crop, pointing to dryness in the southern producing regions as a likely cause of lower yields. Informa also lowered its estimate for Argentinas 2012/13 soybean production to 58.4 MMT, from 59.5 a month ago, citing a reduction in expected plantings. But it raised its projection for Brazil