On Wednesday the Brazilian Agro consultancy Agroconsult reduced its expectation on soybean crop in Brazil. The previous report showed productivity around 69, 9 million tons, but now the numbers are getting lower, being around 67, 1 million tons.
Those numbers could be explained by the drought season that reached the South of the country in the first two months of the year. The last soybean crop had produced more than 75 million tons.
Two of the Southern states, Rio Grande do Sul and Parana, registered crop failures of 50% and 16%, respectively. The productivity per hectare would be 44,5 bags, against 51, 9 bags per hectare in 2011.