Grain production – the weather in Brazil intensifies maize crop hopes as 100m MT that seems to be absolutely possible.
Good weather and early planting are increasing expectations of a much larger maize crop in Brazil. There are some industry sources in the country now anticipating a crop that could reach as high as 100 million MT.
A source told a specialized magazine that 100 million MT is on the cards now. Agricultures still need some weather yet, but they firmly guess 100 million for Brazil and 50 million for Argentina are absolutely possible. The same source is warning that the figure was dependent on the right weather for April and May. He said also that today the crop is 100% (in line) considering the best results for yields in the past. Eventually, we must see more than 95 million MT, with the upside potentially of 100 million MT a second source said.
Most outlooks from national and international agencies are currently congregating around the 94 million MT level, with the USDA currently expecting the total corn harvest to reach 94.5 million MT. However, with Brazil’s primary soybean crop planted and harvested early, the country’s critical second crop – the safrinha corn crop – has seen near perfect growing conditions govern its early stages, prompting domestic Brazilian agencies to work privately with much higher figures.
There is a little weather concern in the north of Parana, but the rest of the crop is going very well.
“The safrinha (little crop) is developing very well, but we still have April and May to go, with May likely to see an end to the rains that have helped support expectations of big yields, while some regions may start to experience frosts. The crop potential is huge; it was planted earlier than normal, which is very good, but we still need to cross the bridge until harvest – and that bridge is not exactly short.
For the most part, Brazil’s first corn crop is expected to deliver around 26 million MT, most of which heads into the domestic feed market, said a Brazilian Agrobis magazine said. Key will be the developing second corn crop, which will need to break records if it is to hit the 100 million MT level as the country’s emergence as a soybean superpower has seen the first, domestic maize crop lose ground to burgeoning bean plantings.
“Technology is adding yields every year, but this campaign is coupled with excellent weather conditions “.