Brazil's 2018/19 soy crop revised up, trade war stokes demand

BRASILIA/SAO PAULO: Brazil's 2018/19 soy crop is expected to total 119.34 million tonnes, according to consultancy INTL FCStone, up from 119.17 million tonnes in its prior forecast.

Brazil's planted soy area also revised up to 35.892 million hectares compared to 35.855 million hectares previously.

INTL FCStone predicts 2018/19 soy exports of 71.50 million tonnes, with China expected to buy as much Brazilian soy as possible thanks to its trade war with the United States.