Brazil: Grain and Feed Update
For the second year in a row, U.S. wheat constituted nearly half of all Brazilian wheat imports. 2014/2015 corn production is forecast at 76 million metric tons (mmt), but producers are concerned about the second “safrinha” crop getting in the ground before the planting window closes. 2014/2015 rice production is forecast up two percent on increased area, but Brazil is concerned that the United States’ potential closer ties with Cuba will cut into its export market share.
