CONAB trims Brazil soybean, corn outlooks

Brazil’s equivalent of the USDA has lowered its corn and soybean production outlooks slightly because of weather but is still expecting much larger crops this year than last year. That means even more competition for the U.S. on the export market.

CONAB say the modest month-to-month cuts followed planting delays in some areas due to cool, wet weather, while planting in other parts of Brazil was delayed by a lack of soil moisture.

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