BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
COOKIE NOTICE

Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list
Agriculture

Brazil cuts new soybean crop estimate to 118.8 million mt

LNG

European LNG chronicles: The Russia question

Agriculture | Biofuels

Biofuelscan

Agriculture | Electric Power | Natural Gas (North American) | Oil | Metals | Petrochemicals

North American Digital Commodities Summit, 2nd Annual

Agriculture

032219-sugars-share-of-the-2019-20-cs-brazil-cane-crush-to-rise-to-383-survey

Brazil cuts new soybean crop estimate to 118.8 million mt

Sao Paulo — Brazil's 2018-19 soybean crop yield will be lower than the previous season's, national crop agency Conab said Thursday, after in December it predicted a new record production.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

Conab said in a monthly report that Brazil will harvest 118.8 million mt, down from 120.06 million mt in the previous report and 119.28 million mt in 2017-18.

Harvest in some parts of the country has already started and will pick up pace later in January and in February. Soybean planting for the crop year started on September 15.

Several analysts have been cutting estimates for the new crop, which is in the early stages of harvest, because of intense drought in many regions.

"Losses are expected in the west of Parana, mainly in areas seeded earlier, where dry weather affected the pod setting stage," said Conab.

The government agency is known for its conservative forecasts that take longer to factor in weather occurrences.

On Wednesday, AgRural, a private analyst, slashed its forecast for the 2018-19 crop to 116.9 million mt, from 121.4 million mt in a December report and from 119.3 million mt in 2017-18. It also attributed the cut to weather issues in different regions.

For corn, Conab projected the 2018-19 crop at 91.19 million mt, up from 91.10 million mt in December and 80.79 million mt in 2017-18.

-- Gustavo Bonato, gustavo.bonato@spglobal.com

-- Edited by Jennifer Pedrick, newsdesk@spglobal.com

Daily Grains

Do you want to have access to transparent and relevant real-time news, market commentary, analysis and data on the grains market before competitors do? Click the link below and we will send you 10 issues of Daily Grains free to preview.

Free Trial