Brazil raises 2016/17 soybean output forecast to 114mn T

The agency also reviewed its total corn estimate for the current season to 97.2 million tonnes from 96 million tonnes last month, also mentioning an increase in planted area.

Brazil's total grain crop is expected to reach 238.2 million tonnes, 27.7 percent more than in the previous season due to favorable climate and productivity gains, Conab said.