StoneX estimates 14% increase in Brazil's new wheat harvest

SÃO PAULO (Reuters) - The 2024/25 Brazilian wheat harvest is expected to increase 14% compared to the previous season, totaling 9.22 million tons, according to StoneX's first estimate for the cycle, with planting starting in a few more weeks. According to the consultancy, growth should come from an increase in productivity, as the planted area should decrease, mainly in the south of the country, which concentrates the largest portion of cereal production. StoneX estimates the planted area at 3.05 million hectares, 11% less than in the previous harvest. The estimated productivity is 3.02 tons per hectare, versus 2.34 tons last season, ...