date:Feb 06, 2013
For marketing year (MY) 2012/13, soybean production is reduced to 53 million metric tons (MMT), one MMT lower than the USDA official estimate. Since mid-December, it has been hot, dry, and there hasnt been significant rainfall in much of the major production area. Many of the late planted soybeans are entering a critical growth period, and without moisture, yields will be negatively affected.
Furthermore, planting is still not complete. More than 500,000 hectares remain unplanted in the provin