Brazil's industry association ABIOVE has today raised its crop estimate for 2014/15 soybeans to 93,06 million tons. On 11 may it came still from 92,69 million tonnes. ABIOVE, the Association of soybean traders, is at the bottom of the crop estimate. On Friday, the company Safras & Mercado had raised its estimate of the Brazilian soybean crop of 94.4 million to 95.5 million tons.
ABIOVE estimates higher also the closing stock from 5.2 to 5.6 million tonnes. The export should be 48 million tons.
