Agroconsult expects Brazil to produce record corn and soybean crops in 2022-23, despite dry weather in the far southern state of Rio Grande do Sul. The firm expect Brazilian soybean production to reach 153.4 MMT, which is just below Conab’s official forecast of 153.5 MMT it forecast in December. Agroconsult projects total corn production at 130.9 MMT, including the first crop at 29.6 MMT and the safrinha crop at 101.3 MMT. In December, Conab pegged Brazil’s corn crop at 125.8 MMT, though that was based off an estimate of the first corn crop and projections for safrinha acreage and yield.
Conab will update its Brazilian production forecasts Thursday morning but it’s first official estimate of safrinha corn production won’t be incorporated until February.
Agroconsult will conduct its annual crop tour through Brazil’s main crop areas in the coming weeks.
Get the Pro Farmer analysis that’s not available online when you start a trial subscription. Just $1 for 1-month to get started.
