Mar 1, 2005 12:00 PM, Compiled By Greg Lamp
USDA cut its estimate of Brazil's next soybean crop to 63 million metric tons from 64.5 million metric tons due to continued dryness in the southern state of Rio Grande do Sul. Still, Brazil's crop is expected to exceed last year's crop by 19.8% with an average yield of 42.2 bu./acre.
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