Conab reduces soybean estimates to 166 mln tonnes in 2024/25, remains at record level

Brazilian food agency Conab has slightly reduced its estimate for the country's soybean crop in 2024/25 to 166.05 million tonnes from the 166.3 million tonnes projected in September, and corn output was adjusted to 119.7 million tonnes from the previous 119.8 million tonnes forecast, according to a report on Tuesday October 15.