2022/23 Brazil safrinha corn 0.8% harvested vs. 1.2% last year
Maize (Corn)
Brazil
Published Jun 2, 2023
Tridge summary
The early safrinha corn harvest started with 0.8% of the safrinha corn harvested in south-central Brazil compared to 1.2% last year according to AgRural.
Original content
The early safrinha corn harvest has started with 0.8% of the safrinha corn harvested in south-central Brazil compared to 1.2% last year according to AgRural. Over the weekend, areas of safrinha corn in the states of Parana, Mato Grosso do Sul, and Sao Paulo received 1-2 inches of rainfall, which ended an extended period of dry weather. Central Brazil only received isolated rain over the weekend and they may receive some scattered showers later this week. The moisture will benefit the later developing safrinha corn, but the crop is still vulnerable to potential frost should one occur before the end of June. The safrinha corn in Mato Grosso was 0.49% harvested as of late last week compared to 2.3% last year and 0.54% average according to the Mato Grosso Institute of Agricultural Economics (Imea). The average spot price for corn in Mato Grosso last week was R$ 45.44 per sack (approximately $4.15 per bushel). Mato Grosso farmers are concerned about the low corn prices for the 2023/24 ...
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