Brazil's Conab raises soy crop forecast despite drought
ReutersMar 13, 2025 12:02 PM
SAO PAULO, March 13 (Reuters) - Brazilian soybean farmers are poised to reap a massive crop in the 2024/25 season despite hot and dry weather in the south of the country, according to fresh data released by the national crop agency Conab on Thursday.
The new soybean crop, which farmers are harvesting now, is expected to total 167.37 million metric tons, about 1.3 million tons more than in Conab's February forecast and an all-time record.
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