Brazil: 2024 second-crop corn is lowered, but Mato Grosso and Goiás can improve further ahead

Published Jun 3, 2024

Tridge summary

Brazil's 2024 corn crop is expected to have surpluses, with some areas experiencing production losses due to climate conditions, but it is not expected to negatively impact domestic supply. The early planting and good climate in regions like Mato Grosso and Goiás have resulted in high yields, potentially offsetting the production losses in other areas. However, sorghum productivity in the east of Goiás may be low due to dry and hot weather. Production estimates have been reduced for Mato Grosso do Sul, Paraná, and Paraguay due to dry conditions in May. Despite these production cuts, Brazil's 121-million-ton crop is expected to meet the country's demand without risk of shortages, and Brazil has 40 million tons of corn to meet global demand.

Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Brazil’s corn crop now has annual surpluses that allow for some situations with seasonal production losses, without having negative effects on domestic supply. It seems that this is what we are experiencing in 2024. The new survey from Safras & Mercado reveals very different situations in the 2024 crop in producing regions, at the moment with some production losses in the total crop. While we have severe production losses in some locations, we also have important surprises in the productivity that is being obtained in other locations. If productivity in Mato Grosso and Goiás confirms record levels by the end of the harvest, it is likely that this regional super crop will compensate for production losses in Mato Grosso do Sul and Paraná. The Safras’ May crop survey revealed that the combination of planting dates and climate brought very interesting results for the second crop in some regions, such as Mato Grosso, Goiás, and Matopiba. Planting took place in an earlier window due to ...

Source: UkrAgroConsult