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Brazil Soy Crop Forecast Cut to 65.9 Million Tons, Abiove Says

Soybean growers in Brazil, the world’s second-biggest producer after the U.S., will harvest less than previously forecast in the marketing year that started Feb. 1, industry group Abiove said.

Growers will harvest 65.9 million metric tons of the oilseed, Sao Paulo-based Abiove said in an e-mail report dated yesterday. The estimate was cut from 69.5 million tons forecast on March 2, Abiove said.

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