Brazil’s New Third Corn Crop Increases Annual Production

BRASILIA, BRAZIL – The U.S. Foreign Agricultural Service (FAS) has raised its corn production estimate for Brazil based upon a large increase in acreage, as well as good yields for the second crop in the CenterWest state of Mato Grosso. Economists now believe the current marketing year crop will climb 3 percent to 104 million metric tons – or 4.05 billion bushels. Although Brazil has been able to grow two successive corn crops, it appears a third crop is now popssible. According to Brazil’s agricultural statistics agency (CONAB), the third corn crop is primarily planted in the northeastern states and the planting and harvest cycle more closely resembles that of the United States (planting in May and harvesting in October). Brazil’s first crop is planted in September and harvested in February while the second crop is planted in January and harvested in June. According to CONAB, the third-crop corn production should increase by more than 40 percent over last season.
(SOURCE: All Ag News)