Browse Data and Analysis

Brazil is set for another record-breaking grain harvest. Post maintains its corn planted area forecast at 22.5 million hectares for MY 2022/2023 and corn production is forecast at 125.5 MMT for MY 2022/2023, up 8 percent from the estimated 116 MMT for MY 2021/2022.

Post increased the 2022/23 forecast for soybean planted area expansion to 43.3 million hectares (ha) and soybean production to 153 million metric tons (MMT). This season sowing began optimistically, with most soybeans planted on time compared to last year. However, in the southern part of the country including Rio Grande do Sul and Parana, rains will be needed in January because if continues to be dry, the crop will be negatively impacted.

After being adversely affected by the coronavirus pandemic, Brazil’s gross domestic product (GDP) registered two years of consecutive growth, 4.6 percent in 2021 and an estimated 3 percent by the end of 2022.

Post forecasts 2022/23 planted cotton area at 1.66 million hectares (ha), with production at 13.3 million bales (2.89 million metric tons, MMT), about a 13 percent increase from the 2021/22 estimated production of 11.52 million bales (2.5 MMT). Cotton area is forecast to rise because of favorable weather leading to timely first-season soybean planting and improved yields, as well as a favorable outlook for prices and profitability.

The 2014/15 soybean production forecast is maintained at 94 million metric tons (MT) despite slow pace of plantings in Mato Grosso.

The Brazilian MY 2014/15 sugarcane crop is estimated at 619 mmt, down 5 mmt from MY 2013/14, mainly due to weather related problems in the center-southern producing region.

Post forecasts fluid milk production to increase by 3 percent in 2014, supported by relatively strong domestic demand.

The Brazilian MY 2014/15 sugarcane crop is estimated at 619 mmt, down 5 mmt from MY 2013/14, mainly due to weather related problems in the center-southern producing region.

A record Brazilian soybean crop of 94 million metric tons (mmt) is forecast for the 2014/15 marketing year (MY) as a result of increased planted area.

2014/2015 wheat production is forecast at a record 7.5 mmt, up 30 percent from the previous year.