USDA FAS raises Brazil corn production guess

USDA FAS raises Brazil corn production guess

The USDA’s Foreign Ag Service is projecting record corn production for Brazil as farmers try to meet domestic and global demand.

Combined 2022/23 corn production in Brazil is seen at 126 million tons, up 5% from the last guess and 8.6% on the year due to increased planted area and expectations for improved yields.

While there was no official breakdown, that’s expected to include a solid increase for Brazil’s second corn crop, the largest of the three and the source of most of their exports.

    

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