Brazil: Grain and Feed Update
2015/2016 wheat production is estimated at 5.6 million metric tons (mmt), down 6 percent from the previous year as some producer switch to more profitable crops like corn and soybeans. 2015/2016 corn production is estimated at 75 mmt, due to an early start to the dry season having an adverse effect on the second “safrinha” crop. This is down 12 percent from the previous year’s record crop. Domestic corn prices have risen dramatically since March, putting pressure on pork and poultry producers. 2015/2016 milled rice production is estimated at 7.6 mmt a 10 percent decrease from the previous based on reduced area in the northeast region of Brazil.
