Sao Paulo — The Brazilian 2018-19 soybean crop will fall to 115.34 million mt, as the effects of hot and dry weather in December and January are gradually taken into account, national crop agency Conab said Tuesday. Receive daily email alerts, subscriber notes & personalize your experience. The projection is down from 118.8 million in a January report and down from 119.28 million in 2017-18. In a report published in early December, Conab had projected the current crop at a record 120.07 million mt. "The drought impacted the pod-setting stages, mainly in fields planted early in the season. Due to that, plants did not reach their full potential," said Conab in reference to Mato Grosso, Brazil's largest grains producing state. Conab added that 15% of the area planted in Parana state in September were the crops most affected by unfavorable weather. "Lower precipitation in December, combined with high temperatures and low air humidity, consolidated yield losses," it said. 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. -- Gustavo Bonato, gustavo.bonato@spglobal.com -- Edited by Derek Sands, newsdesk@spglobal.com Biofuelscan covers the latest worldwide biofuel news and prices and provides a daily summary of market events. Use the request a free trial link and we will send you 5 issues free for your review.
Brazil 's 2018 - 2019 annual crop is forecast to fall to 115.34 million metric tonnes ( 2017 ) from a previous projection of 118.8 million tonnes 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 forecast published in early December that forecast a record 120.07 million mt . Crops planted in the Parana state during 2017 were affected the most , with a harvest of 17.28 million mt . , compared with a previous forecast of 19.18 million mt .