Brazil: Grain and Feed Annual

Brazil’s corn planted area and production for MY 2025/26 are expected to increase. Low stocks and strong demand led corn prices to high levels in the domestic market, growing producers’ sowing outlooks. Corn exports are projected to increase in MY 2024/25 and remain stable in MY 2025/26, given the robust demand for corn internally. For the 2024/25 harvest, rice production is anticipated to be robust, encouraging high exports and supporting the 2025/26 planting. Wheat production in 2025/26 is forecast to reach its second-highest mark in history, following expectations of increased yields through higher crop investments. As a result, imports are forecast to decline based on less internal demand. Meanwhile, the 2024/25 wheat harvest is expected to decrease due to adverse weather affecting yields.