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Soymeal News - Brazils Soybean Crop estimates Revised at Downward side by Various Agencies over Drier Weather
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Brazil's Soybean Crop estimates Revised at Downward-side by Various Agencies over Drier Weather

World Weather Inc. expects January weather to be about the same as December across Brazil, with southern areas trending drier than normal and plentiful rains continuing across northern areas has led many agencies to revised their Brazil's soybean production at lower side.

AgRural Agribusiness Research firm, revised their Brazil’s soybean crop forecast downward side from 144.7 MT in their previous forecast to 133.4 MT for 2021-22.

Cordonnier, a Brazil Agency has estimated Brazil’s 2021-22 Soybean crop at 138 MT lower by 2 MT from previous estimate.

Commodity brokerage firm StoneXcut its estimate for Brazil’s soybean, the firm lowered its estimate by 11 MMT to 134 MMT, which would be below last year’s record of 138 MMT.

hEDGEpointGlobal Markets forecast ,Brazil's 2021/22 soybean crop is estimated at 138.5 million tons, nearly 6 million tonnesless than previously projected but still a record volume.