Brazil: Grain and Feed Annual
MY 18/19 corn production is forecast at 95 MMT, 18 percent higher than MY 17/18, on expanded area and excellent conditions for the safrinha crop. MY 19/20 production is forecast to grow to 97.5 MMT. MY 19/20 rice production is forecast to increase to 7.82 MMT on a return to trend yields, despite a static forecast for area. MY 19/20 wheat production is expected to grow to 6 MMT, on expanded crop area, incentivized by strong domestic wheat prices. At the same time, the eventual implementation of a duty-free wheat TRQ should help boost U.S. wheat exports to Brazil.