Brazil: Grain and Feed Update
Market year 2018/19 corn production is forecast higher at 95 MMT based on an expected return to normal yields and expanded safrinha area in response to higher prices. Market year 2018/19 corn exports are also forecast higher, at 30 MMT. Market year 2018/19 milled rice production is forecast relatively unchanged at 8.16 MMT, based on a static forecast for area and normal yields. Market year 2018/19 wheat production is forecast at 5.2 MMT dry conditions and sporadic frosts in southern Brazil. Market year 2018/19 wheat imports are forecast at a stagnant 7 MMT.
