Brazil projects big soybean, corn crops
By John Perkins, Brownfield
April 11, 2019
The U.S. has more export competition from Brazil on the horizon.
CONAB, Brazilís equivalent of the USDA, pegs soybeans at 113.8 million tons, 4.6% smaller than a year ago, but potentially their third largest on record, with a 1.8% increase in planted area helping to cancel out some of the weather issues during the growing season.
Corn production is estimated at 94 million tons, up 16.5%, with a 1.3% decrease in planted area for the first crop offset by a 6.1% increase for the second crop, the larger of the two and the source of most of their exports. Brazilís second crop is estimated at 68.1 million tons.
The soybean harvest...