Brazilian RGdS Soybean Crop Estimate Cut

Soybean yields in Brazil's Rio Grande do Sul are proving to be very disappointing as the harvest progresses in Brazil's most southerly state, and the country's third largest producer of soybeans.

Brazil's supply agency CONAB recently pegged their output estimate for Rio Grande do Sul at 8.3 million tonnes.

Private consultancy firm Emater however have revised their estimate down from 8.4 million tonnes last month to just 6.7 million tonnes citing severe drought in tha last couple of months.

Losses could be even more severe with the application of tillage, says the head of Embrapa-General of Passo Fundo, Gilberto Cunha.