Brazil: Grain and Feed Update
2015/2016 wheat production is estimated at 5.6 million metric tons (mmt), but consumption is down slightly due to higher prices. 2014/2015 record corn exports, due to a weak Brazilian currency, are pushing domestic corn prices up. 2014/2015 milled rice production is forecast at 8.4 mmt a slight decrease from the previous estimate due to heavy rains and flooding in the largest rice producing state of Rio Grande do Sul.