StoneX has boosted its projection for Brazil’s overall corn output in the 2023-24 season to 125.6 million tons, up more than 1 million tons from the previous month. This is due to favorable changes in the first harvest (26.1 million tons) and the second harvest (97.3 million tons). While São Paulo and Paraná had reduced second crop production, Mato Grosso and Goiás outperformed expectations.
Source: RPA News (*Translated by Ia Niani)
STONEX RAISES BRAZIL’S CORN CROP FORECAST TO 125.6 MILLION TONS
Published On - 9 de May de 2024