Brazil soy crop estimate was preliminarily reduced to 147.8m tons from 150.8m tons previously as Rio Grande do Sul soy forecast was reduced by 3m tons due to massive floods, StoneX said in a statement.
- Rio Grande do Sul soy crop estimate now at 20.05m tons
- New cuts on outlooks may be made by June as more rains are expected in May
- Corn harvest was almost finished in the state, with losses in warehouses to be calculated