2024/25 Brazil Corn Estimate Unchanged at 125.0 Million Tons
The 2024/25 Brazil corn estimate was left unchanged this week at 125.0 million tons.
Planting of the first corn crop is underway in southern Brazil where there has been some rainfall. Approximately 19% of the first corn crop in southern Brazil was planted as of late last week compared to 20% last year according to AgRural. This represents an advance of 4% for the week. In the state of Rio Grande do Sul, Emater reported that 37% of the corn was planted as of late last week.
In the state of Parana, the Department of Rural Economics (Deral) reported that 29% of the corn had been planted as of earlier last week. The corn was rated 6% average and 94% good.
The first corn crop in Brazil will account for only 20-25% of Brazil’s total corn production. The safrinha crop will account for over 75% of the total corn production, so it is the safrinha crop that needs to be monitored closely.
In the September WASDE Report, the USDA left the 2024/25 Brazil corn estimate unchanged at 127.0 million tons. Conab will issue their first official estimate of the 2024/25 Brazil corn production in their October Crop Report.
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