Ag Web
The AgResource team has been on the ground in Mato Grosso, Brazil this past week. Here's a summary of their findings from the soybean rows.
A large Brazilian soybean crop will be harvested in the next 30 to 45 days, and most likely USDA, CONAB (the National Supply Company, a public company under the Ministry of Agriculture, Livestock and Food Supply in Brazil) and private analysts will be forced to raise Brazilian soybean production estimates by 1 million to 3 million tons (37 million to 110 million bushels). A crop of at least 150 million tons versus 129.5 million last year is guaranteed.
