Cargill Sees Record Soybean Output in Brazil, Argentina on Rain

Feb. 19 (Bloomberg) -- Brazil and Argentina, the biggest soybean producers after the U.S., may harvest as much as a combined 120 million metric tons of the oilseed this year as rain boosts yields, Cargill Inc.’s Jose Luiz Glaser said.

Brazil will produce 64 million to 67 million tons of soybeans, while Argentina will harvest another 52 million to 53 million tons, Glaser, head of Cargill’s soybean business in Brazil, said in a telephone interview from Sao Paulo today......more detail