Brazil Further Cuts Soy Forecast Due to Weather

Weather issues have led the Brazilian Association of Vegetable Oil Industries (Abiove) to cut its soybean yield forecast for 2023–24. Now, they expect 156.1 million tons, down from previous forecasts. This adjustment reflects the impact of adverse conditions on crop growth stages. The National Supply Company (Conab) also sees a decrease, estimating 155.3 million tons. […]

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