Brazil’s corn crop set to fall following low Rio Grande do Sul production
Jan, 07, 2020 Posted by Sylvia SchandertWeek 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:
wpDataChart with provided ID not found!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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