Watch

Tweet TWEET

Brazil Corn Forecast Raised to 69.5 Million Tons: Conab

Corn growers in Brazil, the world’s third-largest producer, will harvest more than previously forecast, the government said.

The outlook for the crop year that started Sept. 1 was increased to 69.5 million metric tons from 67.8 million tons estimated on June 5, the Agriculture Ministry’s crop-forecasting agency, known as Conab, said in a report today. Production will rise from 57.4 million tons in the previous crop year.

The forecast for soybean output was little changed at about 66.4 million tons. Production will drop from 75.3 million tons in the previous crop year.

The U.S. is the world’s largest producer of soybeans and corn. China is the world’s second-biggest corn grower.

To contact the reporter on this story: Mario Sergio Lima in Brasilia at mlima11@bloomberg.net

To contact the editor responsible for this story: James Attwood at jattwood3@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.