USDA/FAS GAIN report BR 6627
Source: http://www.fas.usda.gov/gainfiles/200611/146249479.pdf

Brazil - Soybean planting update

HIGHLIGHTS

Post forecasts 2006/07 soybean area at 20.5 million hectares and production at 55.5 million tons, which is a 2.0 million ton drop from the previous Post forecast and a 7% decline in acreage compared to last year’s soybean crop. Yields are expected to be slightly under the 5-year average at 2.7, due to lower fertilizer sales and lower expected input use in general. Lack of credit availability continues to be a hindrance for soybean farmers.

Full report: http://www.fas.usda.gov/gainfiles/200611/146249479.pdf