Brazil: Grain and Feed Update
2015/2016 wheat production is forecast at 6 million metric tons (mmt), down from previous estimates due to heavy rains in the south. 2014/2015 corn production is forecast at a record 85 mmt, due to excellent conditions for the second “safrinha” crop. First “full season” corn is expected to decrease 6 percent this year, as producers make a switch to more profitable soybeans. 2015/2016 milled rice production is forecast at 8 mmt, down 6 percent from the previous year. Wet weather in the largest producing state of Rio Grande do Sul has delayed planting, which could reduce yields.
