USDA Revises Brazil’s Soy Forecast, Affecting Prices
The USDA's updated forecast for Brazil's soybean production is influencing soy prices on the Chicago Board of Trade. The new forecast is set at 157 million tons, lower than the previous 161 million tons. Yet, this new estimate matches market expectations. It's also similar to Brazil's National Supply Company's (Conab) prediction of 155.27 million tons […]