Conab: Brazil’s soybean and corn production to drop almost 5 MMT each

13.12.2017

Brazil’s National Supply Company (Conab) released this morning (12.12) a new report that foresees an overall drop of the country’s grain production of 4.7% compared to the previous season. The total grain production in the country is expected to fall to 237.7 million metric tons.

Considering soybeans alone, the output would fall from 114.1 million metric tons from the previous season to 109.2 million metric tons. In the meantime, total corn production is estimated at 92.2 million metric tons – five million metric tons less. The output harvested in the summer would be 25 million metric tons and the second crop would be about the same of last yera – around 67 million metric tons.

For Conab, the Brazilian soybean surface is expected to increase by 3.1% to 86.4 million acres, but the production would be lower because of lower yields. The corn area would drop 9.6%, which is a reduction of 1.3 million acres.

Raw cotton production is expected to reach 1.7 million metric tons this year, jumping 10.5% compared to the previous season. The rice output is expected to reduce by 5.8% to 11.6 million metric tons.


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