March 26 (Bloomberg) --Soybean output in Brazil, the world’s second-largest producer after the U.S., will drop more than previously expected after a drought reduced yields in the country’s south, crop researcher AgRural Commodities Agricolas said.
Growers will harvest 66.7 million metric tons in the crop year that started Sept. 1, less than the 68 million tons estimated on Feb. 27, Curitiba, Brazil-based AgRural said today in an e-mailed statement. Output will fall from a record 75.3 million tons in the previous crop year.
Growers have harvested 61 percent of the current crop as of March 23, up from 59 percent a year earlier.
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