Brazil: Grain and Feed Annual

Post maintains its corn production forecast for MY 2020/21 (March 2021–February 2022) at 105 million metric tons (MMT), based on the smaller-than-expected first crop of corn paired with widespread delayed planting of second-crop “safrinha” corn. For MY 2021/22 (March 2022–February 2023), Post sets its initial corn production forecast at 114 MMT. Post raises its estimate for MY 2020/21 milled rice production to 7.48 million metric tons MMT, consistent with the expansion of area paired with a return to trend yields. Post projects that milled rice production will grow to 7.82 MMT in MY 2020/21 (April 2021–March 2022). Post sets its initial forecast for MY 2021/22 (October 2021–September 2022) wheat area at 2.6 million hectares. Factoring in trend yields, Post projects MY 2021/22 wheat production will hit 7.05 MMT, which would set a new record for the crop.