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Soy Crop Another Record

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Brazil s new 2011-12 soybean crop is seen at a record 75.2 million tonnes versus 74.9 million tonnes harvested last season, analysts Celeres said last Monday. Area planted to soybeans is forecast to reach record territory at 25 million hectares (61.8 million acres), up 3.6 per cent from last season, Celeres said in its monthly forecast of the crop. The current forecast for output and area is unchanged from Celeres early- September view of the new crop. The first planting operations have begun in some regions and are close to starting in others, Celeres said. Production could reach between 13 million and 15 million tonnes, up from 7.48 million tonnes.

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