Responding to higher world prices, farmers in Mato Grosso, Goias, Sao Paulo, Minas Gerais and the Matopiba region of Brazil probably planted more safrinha corn than initially projected, according to Paulo Molinari, an analyst with the ag consultancy Safras & Mercado. In addition, favorable weather conditions would likely increase Brazil’s corn yields. As a result, he said, next week, the consultancy might increase its projection of the safrinha corn crop to more than 83 million metric tons (MMT). The firm is estimating a record 115.7 MMT for Brazil’s total corn crop. Brazil’s corn exports could increase to 34.5 MMT, up 66% from 2020-21.
Safrinha Corn Acres Likely Increased
Responding to higher world prices, farmers in Mato Grosso, Goias, Sao Paulo, Minas Gerais and the Matopiba region of Brazil probably planted more safrinha corn . . .
(Commodity Update)
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