Crop Consultant Dr. Michael Cordonnier raised his estimate of Paraguay’s corn crop by 1.5 MMT to 5.5 MMT. The higher estimate comes as Paraguay farmers planted more safrinha corn acreage in hopes of compensating for a dismal 2021-22 soybean crop. USDA estimates that Paraguay farmers will plant 825,000 hectares of safrinha corn (2.03 million acres), up 14.5% compared to last year.
According to the consulting firm Consultoria TF Agroeconomiea, Paraguay’s total 2021-22 corn crop could be 6.0 MMT, surpassing the current record of 5.0 MMT set in 2018-19. USDA estimates 2021-22 Paraguay corn production at 4.3 MMT. Last year, the country produced 3.2 MMT of corn.
Cordonnier left his estimates of Brazil’s and Argentina’s corn crops unchanged at 112 MMT and 49 MMT, respectively.
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