Dry Weather To Dent Brazil Soybean As Risks Loom
Agribusiness / Brazil / Wed 23 Jan, 2019
Key View
- We have revised down our 2018/19 soybean production forecast for Brazil as dry weather during December will lower yields for early maturing soybeans.
- A smaller-than-expected Brazilian soybean harvest this season will support our bullish CBOT soybean price outlook.
- Lower yields, a stronger Brazilian real, and an unresolved freight