(Dow Jones) -- Consultancy INTL FC Stone
increased its forecasts for Brazil's 2017-2018 soybean and corn harvests
as good weather has helped crop development. The group raised its
forecast for the soybean harvest to 111.1 million metric tons, from
110.1 million tons, and increased its expectation for the first corn
crop of the season to 23.9 million tons from 23.4 million tons. INTL FC
Stone left its forecast for the second corn crop of the season unchanged
at 63.2 million tons, for a total of 87.1 million tons. Even with the
increased forecasts, analyst Ana Luiza Lodi said she still has concerns
about dry weather in the state of Rio Grande do Sul and rain in Mato
Grosso state, which has impeded the harvesting in some areas.
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