CONAB maintains large projections for Brazil’s soybean at 167.37 million tons and corn at 122.76 million tons, indicating significant increases over last year. The soybean harvest exceeds 60%, while over 80% of the second corn crop is planted. Both CONAB and USDA will update estimates on April 10th.
The National Supply Company of Brazil (CONAB) has reaffirmed its projections for significant soybean and corn production in the country. Presently, Brazil’s soybean crop is estimated at 167.37 million tons, representing a 13% increase compared to 2024. This rise is attributed to enhancements in both yield and acreage compared to the previous year.
Regarding corn production, CONAB has set its total at 122.76 million tons, indicating a 6% increase from last year. A month-to-month improvement in the first corn crop yield, rising to 24.857 million tons, outweighs a slight reduction in the second crop due to a decrease in planted area, now at 95.516 million tons. Additionally, third crop production is projected to reach 2.387 million tons.
While these estimates are slightly lower than those provided by the USDA, they still represent significant outputs, which may intensify competition for exports from the United States in the forthcoming weeks and months. As of now, Brazil has surpassed the 60% completion mark for its soybean harvest and over 80% of the second corn crop has been planted, both figures exceeding the average pace.
CONAB also anticipates increases in production for cotton, rice, and sorghum beyond 2024. Further updates and revised production estimates from both CONAB and the USDA are expected on April 10th.
In summary, Brazil’s soybean and corn production remain robust, with notable increases projected for both crops. This scenario may create intensified export competition for the United States. Furthermore, Brazilian agricultural forecasts suggest growth in additional crops such as cotton, rice, and sorghum, indicating a thriving agricultural sector overall.
Original Source: www.brownfieldagnews.com
