Brazil: Grain and Feed Annual
MY 17/18 corn production is estimated lower at 83 MMT, due to late-planted safrinha corn, reduced crop inputs, and dry conditions in some states. The minimum freight rate policy implemented after the trucker strike caused transportation costs to soar and resulted in a slowdown of Brazilian grain and oilseed trade. MY 17/18 milled rice production is estimated at 8 MMT on near-final harvest data, about 5 percent below last year’s levels. Even though area is forecast to expand, MY 18/19 wheat production is forecast at 5.5 MMT, lower than post’s previous forecast, due to delayed deliveries of crop inputs that may affect yields.
