Forecast for soybean yield in Brazil raised yet again

Brazil's National Supply Company (CONAB) raises its forecast for soybean yield in the country in 2016-2017 for fifth time.

According to estimates, the yield will be 113 mln. tonnes given 110.2 mln. tonnes in the April forecast.

The forecast for the corn yield is raised once again as well. From 91.5 mln. tonnes to 92.8 mln. tonnes.

The total grain yield in the country will reach a record level of 232 mln. tonnes, which is 24.3% more than the yields in 2015 - 2016.