USDA arm sees Brazil 2017-18 soybean output down 1% at 112.5 mln tn

Brazil’s soybean output is seen at 112.5 mln tn in 2017-18 (Feb-Jan), down 1.3% on year. Brazil produced 114.0 mln tn of the oilseed in 2016-17. Lower average yields in Brazil following dry weather in the southern parts is expected to pull down the production this year