Home Indiana Agriculture News Big Brazilian Corn Crop Sets Stage for Competition

Big Brazilian Corn Crop Sets Stage for Competition


The U.S. Grains Council says the stage is set for intense global competition for international corn markets. According to the Council – the U.S. and Brazil are both positioning themselves for a record setting corn harvest. A Grains Council representative based in Brazil says the summer crop harvest there has matched the anticipated volume of 36-million metric tons – 1.4-billion bushels. It’s estimated a record 7.1-million hectares – 17.5-million acres – will be devoted to second season corn – yielding another record setting 29-million tons – 1.1-billion bushels. If these projections are met and the favorable weather continues – Brazil’s total corn harvest for the 2011-12 marketing year is expected to exceed 67-million tons – 2.6-billion bushels. That’s a 13.5-percent increase over last year. The nation typically exports between 15 and 20-percent of their crop.

Another factor weighing on the market – according to the Grains Council – is lower than anticipated domestic usage and exports – which have inundated Brazil with ample stocks. As the U.S. competes to build and defend market share – USGC Chairman Dr. Wendell Shauman says the marketing programming offered by the Council becomes increasingly more important.


Source: NAFB News Service