Conab forecasts new record for Brazilian grain harvest with 246m tons

The estimate of the 2019/2020 grain crop points to a new record with 246.4m tons, an increase of 1.8% or 4.3m tons compared to the 2018/2019 crop. The numbers are from the 2nd survey released this Wednesday (11/13) by the Food Supply and Statistics Agency (Conab). The field research was conducted from 10/28 to 11/1, with over 900 informants across the country.

The intended planting indicates a positive variation of 1.4% when compared to the area of the last crop, reaching 64.1m hectares.

The area to be sown with soybeans points to a growth of 2.3% compared to last season. Planting in Brazil reaches 56% of the area. Production is estimated at 120.9m tons, despite the weather problems that delayed planting in Mato Grosso do Sul.

A estimativa da safra 2019/2020 de grãos aponta para um novo recorde, com 246,4 milhões de toneladas. Os números são do 2º levantamento divulgado nesta quarta (13) pela @Conab_Oficial ? https://t.co/tLMsorXKFM pic.twitter.com/32a04ZSjwa

— Companhia Nacional de Abastecimento – Conab (@Conab_Oficial) November 13, 2019

The first corn crop, which in recent surveys has lost space to soybeans, showed increased area and reached 4.1m hectares. Production may reach 26.3m tons, 2.4% higher than 2018/2019, with good crop conditions in RS and PR. The second crop of the cereal begins in January, which represents more than 70% of the corn production in the country.

Cotton, whose planting window begins at the end of this month, maintains the projected growth both in area, reaching more than 1.6m hectares, and the total expected volume, reaching 2.7m tons. Producers continue betting on foreign demand for Brazilian cotton. In October, Brazil exported the largest monthly volume in history: 279,000 tons of lint.

For the first bean crop, the area is estimated to be reduced to 917,800 hectares. Still, the outlook is for production higher than last season, and may reach more than 1m tons. With the delayed rainfall and the option for more profitable crops, producers prefer to invest in the second crop to ensure a higher quality crop.

Other crops, such as rice, should have a 1.8% reduction in cultivated area. Despite the delay in planting due to excessive rainfall in the RS and SC, production should be 0.2% higher than last season, reaching 10.5m tons.

The climate, especially in the southern region, has hampered the completion of winter cereal harvesting. Wheat, for example, should show a reduction of 2.8% in final production, reaching 5.3m tons. However, other crops such as white oats, rye, and barley point to an increase in the volume produced compared to the previous year.

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