2022/23 safrinha corn in Brazil is 55% planted compared to 63% last year

The 2022/23 safrinha corn was 55% planted as of late last week compared to 63% last year. This represents an advance of 15% for the week. The planting pace is fastest in central Brazil and slowest in south-central Brazil. The safrinha corn planting is slightly behind average in Mato Grosso, but there are increasing concerns in Brazil about the delayed planting especially in south-central Brazil. More than 50% of the safrinha corn in Parana and Mato Grosso do Sul will be planted after the ideal planting window has closed. At this point, we cannot say that the safrinha corn yields in those two states will be disappointing, but we can say that the risk of lower yields increases the later the corn is planted. Approximately 46.4% of the 2022/23 safrinha corn will be planted in Mato Grosso, 15.2 % in Parana, and 11.6% in Mato Grosso do Sul. Overall, it is possible that maybe 20-30% of Brazil’s safrinha corn is going to be planted late or even extra-late. Given the current corn prices, ...