Argentina’s corn crop this year will be 22.5 million metric tons, trailing a U.S. government forecast of 26 million, Informa Economics Inc. said today in a report to clients. Last month, the researcher forecast a crop of 24 million, compared with 22.5 million harvested a year earlier.
Brazil’s corn harvest will be 61 million tons, unchanged from a Jan. 6 estimate, and up from 57.5 million harvested in 2011, Memphis, Tennessee-based Informa said. The U.S. Department of Agriculture last month predicted 61 million tons.
The USDA will update its forecasts on Feb. 9.