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2015/16 wheat production is expected to increase 10 percent to 6.5 million metric tons (mmt) with a return to normal weather.
Post forecasts planted area for cotton on 2015/16 to drop to 950,000 hectares as a result of low global prices and high cost of production.
FAS/Brasilia forecasts 2015/16 soybean production at 94 million metric tons (mmt) despite a drop in planted area to 31.1 million hectares, a decrease of one percent compared to 2014/15.
U.S. exports of corn-based products have experienced rapid growth in the past decade, reaching a value of $7.6 billion in fiscal year 2014, up 16 percent from the previous year.
In 2014, the food processing industry in Brazil showed somewhat weak growth of 1.5 percent, however imports of intermediate food products kept a more traditional pace.