Grains

Brazil’s corn crop set to fall following low Rio Grande do Sul production

Jan, 07, 2020 Posted by Sylvia Schandert

Week 202002

Estimates from consultants INTL FCStone indicate that Brazil’s first 2019/20 corn crop will be 3.4% lower than expected, reaching 25.75 million tons following a below-average crop in Rio Grande do Sul due to hot weather and low rainfall.

The forecast of the Rio Grande do Sul corn crop fell 20% compared to the previous forecast and is now estimated at 4.8 million tons.

The following graph, taken from from Datamar’s DataLiner data, shows corn exports per quarter since 2014:

Chart Source: DataLiner / Datamar

Soy

FCStone also raised the forecast for Brazil’s 2019/20 soybean crop to 121.76 million tons from 121.6 million tons in the previous estimate.

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