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Ultrapetrol (Bahamas) Ltd. Message Board

  • laura_axeen laura_axeen Jan 4, 2013 10:57 AM Flag

    ULTR's River/barge business outlook....a perfect storm! River revenue best be heard next conf. call...

    Brazil's 2012/13 Soybean Crop Estimated at Record 83 Million Tons
    Published: 2013-01-04 Authour: Foodmate team Views:2
    Core Tip: Brazil’s 2012/13 soybean production estimate has risen by one million metric tons (mmt) to a record 83 mmt.
    The Brazilian Ministry of Agriculture’s Food Supply Company (CONAB) estimated soybean bean production at 82.6 mmt in its December 2012/13 crop survey.

    Crop conditions are rated “good” across all major producing regions, with some isolated areas receiving less than desirable rainfall across states in the center-west and northeast regions. Account for over 60 percent of national production, the top three producing states of Mato Grosso, Parana, and Rio Grande do Sul all have good crop conditions.

    The 2012/13 Brazil soybean harvest has recently commenced in the top producing state of Mato Grosso, a state which accounts for 30 per cent of national production. Mato Grosso has forward sold a record 67.7 per cent of the state’s forecast crop, according to its Institute of Agricultural Economics (IMEA).

    Sentiment: Strong Buy

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