Brazil: Grain and Feed Annual
Link to report:
Post lowers its MY 19/20 corn production forecast to 100 MMT due to poor yields in the Rio Grande do Sul crop; post also lowers its forecast for 19/20 consumption by 1 MMT, to 67 MMT, as the coronavirus pandemic is curtailing demand for corn ethanol in Brazil. Post sets its initial production MY 20/21 corn production forecast at 103 MMT, with consumption also poised to grow to 69 MMT. Milled rice production for MY 19/20 is estimated at 7.17 million, while MY 20/21 is forecast slightly lower, at 7.07 MMT. Rice consumption is also forecast to decrease from 7.45 MMT in MY 19/20 to 7.4 MMT in MY 20/21. Planting for MY 20/21 wheat will begin in April, and Post forecasts production to grow 8.7 percent, to 5.6 MMT, due to expanded planting. In response, wheat imports for MY 20/21 are also lowered, to 7 MMT, on the expectation of increased domestic production.
