Brazil: Grain and Feed Update
Link to report:
Post maintains its corn production forecast for market year (MY) 2019/20 (March 2020 – February 2021) at 100 MMT, based on poor yields in the southern states of Rio Grande do Sul and Parana after a prolonged dry spell, which are partially offset by a large expansion of area in the Center-West state of Mato Grosso. Posts raises its milled rice production estimate for market year (MY) 2019/20 (April 2020 – March 2021) to 7.48 million metric tons (MMT), based on year-over-year reduced area offset by record yields in the major production region. Post maintains its MY 2020/21 wheat production forecast of 5.6 MMT, which would represent growth of 8.7 percent year-over-year.
