Brazil Soybean Forecast Raised to 83 Million Tons: Conab

Mario Sergio Lima – Bloomberg, 11/08/2012

Soybean output in Brazil, set to surpass the U.S. as the largest grower, will rise more than previously expected in the current season, the government said.

Growers will harvest as much as 83 million metric tons in the year that started Sept. 1, more than the 82.8 million tons estimated last month, the Agriculture Ministry’s crop- forecasting agency, known as Conab, said in its second report for this season. Production will rise from 66.4 million tons collected in the past season.

The corn forecast was cut to as much as 72.9 million tons from 73.2 million tons estimated in October. Production will drop from 73 million tons in the previous season, Conab said.

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Brazil expects ethanol production to rise 4.8 percent in 2012

Peter Murphy – Reuters, 04/10/2012

Brazil’s sugar output will rise about 5 percent in the 2012/13 season that is now starting, the government forecast on Tuesday, as better weather and replacement of old cane plants have the crop on a recovery path after output dipped last season.

Sugar production should rise to 38.9 million tonnes, government crop supply agency Conab said in its first forecast of the season, up from 36.9 million tonnes in the prior season and also ahead of the 38.2 million tonnes produced in the season before that.

Brazil is the world’s top sugar producer and accounts for half of the world’s trade in the sweetener.

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Brazil 2011-12 soy crop seen down

Paul Kiernan – Marketwatch, 10/06/2011

Brazil’s soy production is expected to decline in 2011-12, as the excellent weather that contributed to the previous year’s bumper crop won’t likely repeat itself, while good prices attract farmers into cotton and corn.

Government crop-supply agency Conab said Thursday it estimates Brazil’s 2011-12 soy production at between 72.19 million and 73.3 million metric tons, down from last year’s output of 75.32 million tons.

The expected drop in soy output reflects lower productivity, as planted area is set to increase 2% to 3.5% from the 24.18 million hectares sown in 2010-11. Conab said some farmers will want to plant corn rather than soy due to demand for feed from the local poultry and pork industries, as well as crop-rotation needs.

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