Soybean production raised to 112.3 mmt
AgRural has raised once again its soybean production estimate for Brazil. Seen at 111.6 million metric tons in early April, the production is now estimated at 112.3 million tons. Compared to April, yields have increased in Rio Grande do Sul, Santa Catarina and Paraná (South), São Paulo (Southeast), Mato Grosso do Sul and Goiás (Center-West), Pará (North) and Maranhão (Northeast).
The Brazilian yield is seen at 49.7 bushels per acre, a new record high, with 50.4 bushels per acre in South-Central Brazil (also a new record) and 45.8 bushels per acre in the North/Northeast (second highest, after 47.2 bushels per acre seen in 2010-11). Among the states, the highest average yield belongs to Paraná and Santa Catarina, with 54.9 bushels per acre each.
This is AgRural’s final production estimate for the 2016-17 soybean crop. For 2017-18, the first planting intentions survey will be released in early August.
Corn production raised to 94.4 mmt
AgRural has also revised its summer corn production estimate, which is now at 30.8 million tons, up 0.6 million tons from April. It is the final number for the 2016-17 crop season. For 2017-18, the first planting intentions survey will be released in early August.
For winter corn, AgRural has raised its forecast from 61.4 million tons to 63.6 million tons, thanks to favorable weather conditions in most of the country. The winter crop has developed smoothly so far and only a major frost event in the next four to six weeks in Paraná and/or southern Mato Grosso do Sul could prevent Brazil from a record production.
AgRural will release a new production forecast in early June, when weekly harvest reports, now for winter corn, will be resumed.
Brazilian total corn production is seen at 94.4 million tons, compared to 91.5 million tons in April and 66.6 million tons last year, when the winter crop was severely damaged by drought.
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