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Analysts say they see a Brazilian corn harvest

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Analysts say they see a Brazilian corn harvest

According to crop analysts, CONAB’s latest estimates of corn and soybean crops in Brazil are a bit high and understandable for soybeans.

But soy and corn adviser Michael Cordonier says brownfield corn is probably a different story. It is now pollinated and filled with grain. In some southern Brazilian states, it’s the driest November to date, hitting corn hard. “

According to him, most analysts expect the yield of Brazil’s first crop corn to decline by more than 10-20%, depending on the remaining weather in December. The second largest crop can also be affected.

Cordonnier states that the impact is both negative and positive for US producers. Corn exports from Brazil fell sharply last year due to the drought.

“They have become like 17 million. That extra export went to the United States, Ukraine, some other places, and some Argentina. Therefore, they are not producing there. That means less exports and more opportunities for the United States to export. “

With the La Niña phenomenon taking root in southern South America, he says weather patterns are expected for a few more months.



Analysts say they see a Brazilian corn harvest

https://brownfieldagnews.com/news/analyst-says-watch-brazils-corn-crop/ Analysts say they see a Brazilian corn harvest

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