Brazil: Grain and Feed Update
2015/2016 wheat production is estimated at 5.5 million metric tons (mmt) and is in good condition due to favorable weather in the south of Brazil. 2015/2016 corn production is estimated at 67 mmt, a 21 percent drop from the previous record year. The decrease is due to an early start to the dry season having a big impact on yields for the second “safrinha” crop. 2015/2016 milled rice production is forecast at 7.2 mmt, a 15 percent decrease from the previous year as producers in the south are switching to more profitable crops.
Brazil: Grain and Feed Update