Soybean growers in Brazil, the world’s second-largest producer after the U.S., harvested 69 percent of the current crop as of March 30, down from 70 percent a year earlier, crop researcher AgRural Commodities Agricolas said.
The outlook for the country’s soybean output in the crop year that started Sept. 1 was maintained at 66.7 million metric tons, Curitiba, Brazil-based AgRural said in an e-mailed report.
Output of the oilseed will be less than 75.3 million tons reaped in the previous harvest and 73.1 million tons estimated initially for the current crop before dry weather damaged fields in southern Brazil.
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