Tuesday, February 28, 2012

RTRS-BRAZIL'S 2011/12 SOY CROP SEEN AT 69.9 MLN T VS 71 MLN T IN EARLY FEBRUARY - AGROCONSULT

LONDRINA, Brazil, Feb 27 (Reuters) - Brazilian agriculture consultancy Agroconsult cut its outlook on Monday for Brazil's soy crop by 1.1 million tonnes to 69.9 million tonnes from the 71 million tonnes it had forecast earlier this month.

A separate consultancy, Agrural, cut its own forecast to 68 million tonnes on Monday from the 70.2 million tonnes it had forecast in January.

Brazil's grains crops have suffered a harsh drought in southern states which top soy state Mato Grosso escaped.