Brazil heading for a record crop of 100 million tons of soybeans
As the soybean harvest gets under way in Brazil, analysts are having a clearer picture of whether the forecast record-setting crop will hit the century mark of 100 million tons despite hot and dry weather in Mato Grosso and northeastern Brazil as pods set and fill. Growers planted nearly 4% more land to soybeans than last season. With slightly above-average yields, that would bring a crop that easily exceeds the 96.2 million tons of 2014/2015, says USDA. March is the main [...]