Brazil: Grain and Feed Update

MY 2018/19 corn production is estimated at a record 101 MMT, 23 percent higher than the previous harvest, based on record area and yields. MY 2019/20 corn production is also forecast at 101 MMT on expectations of expanded area paired with a return to normal trend yields. MY 2018/19 corn exports are forecast at a record 37 MMT, almost 50 percent higher than the previous season as a result of the much larger harvest. MY 2018/19 milled rice production is estimated at 7.1 MMT, a decrease of 13 percent from the previous year due to decreased area and lower yields. MY 2019/20 milled rice production is forecast at 7 MMT, based on an expectation of further reduced area. MY 2019/20 wheat production is forecast at 5.4 MMT, down slightly from MY 2018/19. MY 2019/20 wheat imports are forecast as 7.5 MMT, in response to lower anticipated domestic production and already low levels of stocks.

Brazil: Grain and Feed Update