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Soybean production in 2024 is revised downwards after floods in Rio Grande do Sul, estimates Abiove
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Brazil's soybean production estimate in 2024 was revised downward this Tuesday (18) by the Brazilian Association of Vegetable Oil Industries (Abiove), due to the impacts of the floods in Rio Grande do Sul, while revenue from exports from the oilseed complex will also be lower than expected due to lower prices. In a monthly review, the association of soybean traders and processors lowered Brazil's soybean harvest estimate to 152.5 million tons in…
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