Brazil’s Corn Crop Gets Even Bigger Than Previously Expected
6 Articles
6 Articles
Brazil’s Corn Crop Gets Even Bigger Than Previously Expected
ADM Investor Services said, “Expectations for Brazil’s record corn crop are getting even bigger, signaling increased competition for US farmers, as consultancy firm Agroconsult raised its forecasts on exceptionally good weather and increasing yields.
Brazil Farmers Harvesting a Large Second-Corn Crop
Brazil’s farmers will produce a record 123.3 million metric tons of second-crop corn according to agribusiness consultancy Agroconsult. They conducted a survey of fields in key corn-producing regions. Reuters says Brazil’s farmers are harvesting the second corn crop now, which will account for 80 percent of national output this year. It’s mainly exported in the second half of the year, competing with U.S. corn suppliers in global markets. Good w…
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