09.
11.16
16:38

Celeres believes that Brazil's corn is offered on the world market again soon

The Brazilian market analyst Celeres estimated 35.1 million tons the first corn harvest of the South American country. This is significantly more than the 25.9 million tons in the previous year and even more than the last CONAB estimate, which stood at 26.3 to 27.7 million tonnes. The Celeres estimate is true, it would be the largest Brazilian corn harvest for nine years.
The early varieties had been exceptionally good vegetation conditions and will bring high returns, so the once. An indication of the amount of acreage did not give Celeres.
The crop could already end of December and therefore very early start. Should all so true, we get a completely different picture of Brazil's corn market, as it was previously CONAB. CONAB assumed, namely, that a crop increase by 0.5 to 1 million tons from the previous year for the domestic supply would be needed. An increase in harvest of 9 million tonnes would Brazil already with the first corn harvest of the country again as a supplier on the world market should occur.
The company estimates the next Brazilian soybean crop to 102.9 million tons. Last year, there were 95.4 million tons and CONAB came most recently from 101.9 to 104 million tons. The USDA estimate of October amounted to 102 million tons.

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