An LSEG research estimates that Brazil’s corn production for the 2023-24 crop year will be 120.1 million tons. This is 1% higher than the company’s prior forecast, but 1.9 million tons behind the USDA’s projection of 122 million. The second crop harvest is moving quickly, aided by excellent weather conditions, except in some areas of the South where there is more moisture. The forecast indicates dry weather in the following weeks, which should make it easier to complete the harvest.
Source: Forbes (*Translated by Ia Niani)