Brazil Soy Crop to Reach Up to 82.8 Million Tons, Conab Says

Soybean farmers in Brazil, set to surpass the U.S. as the largest grower of the oilseed, will harvest a record crop of as much as 82.8 million metric tons in the 2012-2013 season, the government said.

The harvest in year that started Sept. 1 is expected to rise from 66.4 million tons collected in the past season, the Agriculture Ministry’s crop-forecasting agency, known as Conab, said in its first report for the current crop year.

Corn output is forecast at as much as 73.2 million tons, compared with 72.6 million in the previous season, Conab said.

To contact the reporter on this story: Mario Sergio Lima in Brasilia at mlima11@bloomberg.net

To contact the editor responsible for this story: James Attwood at jattwood3@bloomberg.net

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