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Post forecasts 2021/22 corn harvest at a record 118 million metric tons (MMT), up nearly 40 percent on the disappointing 2020/21 harvest estimated at 85 MMT.
Post lowers its corn production forecast for market year (MY) 2020/21 (March 2021 – February 2022) to 94 million metric tons (MMT), a reduction of 11 MMT from Post’s April projection.
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.
Post decreases its corn production forecast for MY 2020/21 (March 2021–February 2022) to 105 MMT, in response to reduced yields for first-crop corn, as well as the likelihood of delayed planting...