SAO PAULO (Reuters) — Brazilian crushing association Abiove on Tuesday cut its forecast for the current soybean crop to a still-record 86.1 million tonnes from 88.6 million tonnes in February.
In an emailed report, Abiove also said 44 million tonnes of soybeans rather than 44.5 million tonnes would be available for export.
Abiove does not explain why it revises its forecasts, but government and private consultancies have similarly cut their outlooks for the crop due to dry weather earlier this year.
