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USDA makes adjustments to South American outlooks

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The USDA has lowered its corn and soybean production estimates for Brazil. That follows planting delays in many key growing areas caused by weather, primarily hot, dry conditions in central portions and excessively wet conditions in the south. The USDA currently has Brazil’s soybean crop at 157 million tons, 4 million below December, with a combined corn crop of 127 million tons, 2 million lower, with the USDA lowering corn exports, but leaving beans unchanged.

USDA makes adjustments to South American outlooks