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Brazil raises soy crop view to 107.6mn T; corn at 88.9mn T

SAO PAULO: Brazil's agricultural statistics agency Conab on Thursday raised to 107.
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By Shoaib Ur Rehman

imageSAO PAULO: Brazil's agricultural statistics agency Conab on Thursday raised to 107.6 million tonnes its estimate for the country's 2016/17 soybean crop, more than 2 million tonnes above its previous forecast.

The agency said corn output in the season should reach 88.9 million tonnes, compared to 87.4 million tonnes estimated last month, as favorable weather for grains production continue to boost crop prospects.

Copyright Reuters, 2017

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