Brazil Corn Production Estimate Increased to 116 Million Tons for 2023/24 Season
Maize (Corn)
•Published on
The 2023/24 Brazil corn production estimate has been raised by 2.0 million tons to 116.0 million, primarily due to improved yields reported in Mato Grosso. Currently, 76% of the corn in Mato Grosso has been harvested, with Imea increasing production estimates by 3.1% from the previous month. The safrinha corn harvest was 63% complete as of late last week, compared to 26% last year, marking a 14% weekly advance. Hot and dry weather has facilitated rapid grain drying, accelerating the harvest pace to a record speed.