Brazil keeps 2016/17 soybean output forecast at 113.92mn T

SAO PAULO: Conab, Brazil's agricultural statistics and food supply agency, on Tuesday maintained its estimate for the country's 2016/17 soybean crop at 113.92 million tonnes, the same as in June.

The agency increased its total corn estimate for the current season to 96 million tonnes from 93.83 million tonnes last month, citing an increase in planting area. Brazil's total grain crop is expected to reach 237.2 million tonnes, 27.1 percent more than in the previous season due to favorable climate and productivity gains, Conab said.