Brazil’s overall corn harvest for 2022/23 is now expected at a record 127.8 million tons, up 2.1 million tons from the June forecast. The increase is due to stronger outcomes in the second crop, which is now being harvested. The winter corn harvest in Brazil, which accounts for the most corn production, is expected to reach 98 million tons, up from 96.3 million tons in the previous month’s estimate. “The rains during the crop cycle favored corn development, as well as areas sown outside the ideal window,” Conab said. As a result, corn production should increase by 12.9% over the previous cycle.
Sources: Reuters/Nova Cana (*Translated by Ia Niani)