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Post increased its corn production forecast for Marketing Year (MY) 2022/23 to 120 million metric tons (MMT) based on strong demand, increased prices in the domestic and international markets, and diminishing uncertainty over the availability of fertilizers. For MY 2021/22, Brazil’s corn planted area is set to reach new records.
Wheat production for marketing year (MY) 2022/23 is forecast slightly lower than the USDA official forecast based on updated industry and Mexican government data that reflect adverse weather conditions.
Wheat consumption in Haiti in Marketing Year (MY) 2022/23 (July 2022/June 2023) is forecast at 280,000 metric tons (MT), up 1 percent compared to the previous period.