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2014/2015 wheat production is estimated at 6.5 million metric tons (mmt), up 18 percent from the previous year due to an 18 percent increase in area based on higher prices at planting.
The proposed reduction in the U.S. Renewable Fuels Standard for 2014 draws a mixed reaction from Brazilian industry, including the possibility of a legal challenge. Brazil: Biofuels
Although Brazil is a major agricultural producer, there are opportunities for U.S. companies to gain a share of Brazil’s $4.2 billion consumer-oriented food product market.