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Conab Downgrades Brazil Soybean Production Estimate

12 Feb 2019 8:12 pm
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MUMBAI (Commoditiescontrol) - Brazil’s food statistics agency has downgraded Brazilian soybean crop to 115.3 million mt on Tuesday, down from its January estimate of 118.8 million mt. Although it still remains the second highest on record.

Conab cut the projection on lower than expected yields following the past two months of dry weather.

(By Commoditiescontrol Bureau)


       
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