Traders familiar with South American crop scout Cordonnier, said he raised his Brazilian soybean crop forecast by +1 mln mt to 166 mln mt, and noting a neutral-to-higher bias. The crop scout expressed slight concern dryness starting to creep into far southern areas. For Argentina, Cordonnier kept his crop forecast at 57 mln mt for soybeans and a neutral bias.

<div class=\"default-font-wrapper\" style=\"line-height: 1;font-size: 12pt; font-family: Verdana, Geneva, sans-serif;\">Traders familiar with South American crop scout Cordonnier, said he raised his Brazilian soybean crop forecast by +1 mln mt to 166 mln mt, and noting a neutral-to-higher bias.  The crop scout expressed slight concern dryness starting to creep into far southern areas.  For Argentina, Cordonnier kept his crop forecast at 57 mln mt for soybeans and a neutral bias.</div>