Brazil's 2018-2019 soybean crop is forecast to fall to 115.34 million metric tonnes (mt) from a previous projection of 118.8 million mt because of hot dry weather throughout December and January, according to the country's agriculture agency Conab. The revised figure also shows a substantial decrease in yield from a report published in early December that forecast a record 120.07 million mt. The current estimate for Parana is 17.28 million mt, down from 19.18 million mt seen in January and from 19.17 million mt in the previous season. Soybeans are one of the main crops used by Brazil for animal feed as well as biofuels.
Brazil's 2018-2019 soybean crop is forecast to fall to 115.34 million metric tonnes (mt) from a previous projection of 118.8 million mt because of hot dry weather throughout December and January, according to the country's agriculture agency Conab. The revised figure also shows a substantial decrease in yield from a report published in early December that forecast a record 120.07 million mt. Soybeans are one of the main crops used by Brazil for animal feed as well as biofuels.