Safras & Mercado 2021/22 Brazilian Soybean and Corn Estimates

Last Friday, Safras & Mercado released their first estimates for the 2021/22 soybean and corn crops in Brazil. For soybeans, they estimated that the acreage would increase 2.3% to 39.82 million hectares (98.3 million acres) and that the production would increase 3.7% to 142.2 million tons.

For corn, they estimated that the full-season corn acreage would increase 1.2% to 4.4 million hectares (10.8 million acres) and the production would be 25.6 million tons. The safrinha corn acreage was estimated at 14.4 million hectares (35.5 million acres) with a production of 84.8 million tons. Brazil’s total corn production in 2021/22 was estimated at 122.6 million tons compared to their current estimate of 90.4 million tons for the 2020/21 crop.

Soybean & Corn Advisor

Tags: corn, Brazil, corn estimates