Soybean and Corn Advisor Michael Cordonnier says the Brazilian soybean crop has been widely variable. “I would say it’s average, but there’s a big disparity about the estimates,” explained Cordonnier. “USDA’s (estimate is) very high while some of the folks from Brazil are very low and we’ve got a difference of 20 million tons between the high and the low.” The discrepancy in numbers seems to be happening with northeastern Brazil, which has had a lot of expansion.
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