Brazil’s drought deepens
Limited rainfall and hot weather are affecting soybean growth in Brazil’s major soybean growing area of western Parana, DTN reported. Growers planted soybeans earlier this year in the midst of a rainy season, but the weather now is hot and dry, right in the middle of pod fill, DTN’s senior ag meteorologist Mike Palmerino reported. Consultancy INTL FCStone slashed Brazil’s soybean yield forecast by about 4 million tons to 116.25 million tons, according to Reuters.
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