Safras & Mercado raised its forecast for Brazil's 2019-20 soyabeans to 1224.6m tonnes from 122.2m tonnes previously.

Saffas & Mercado expects Brazil to produce 69.5 million tons of corn in the 2019-20 second quarter, compared with its previous forecast of 73.8 million tons.

Safra & Mercado expects Brazil to produce 101.5 million tons of corn in 2019-20, compared with a previous estimate of 105.7 million tons.