date:Jun 05, 2013
gar are all expected to rise in 2013, based on higher production forecasts.
Favourable margins for soybeans and corn (which run on a July/June crop year) have been the key drivers behind expansion of production of both crops in Brazil.
Sugar production (which runs on an April/March crop year) is expected to rise modestly this year as a result of a recovery in cane yields in the Centre/South after two difficult years.
According to Rabobank, soybean trading companies will have to absorb much