Brazil To Harvest Record Soybean Yield

According to Agroconsult's March forecast, this season's soybean yield in Brazil will be record high at 111 mln tons.

The February forecast projected 107.8 mln tons. Increase in the April forecast is quite possible.

Oil World analysts are inclined to think that soybean yield in Brazil might reach 109 mln tons. The current forecast is of 105 mln tons. USDA projected a yield of 108 mln tons.