The USDA revises its global cereal production forecasts downwards

In its February report, the United States Department of Agriculture (USDA) revised downwards by 2.9 million tons its previous forecast for world cereal production 2023/24, which now stands at 2,295.82 million tons. . Specifically, in the case of coarse grains, the USDA has revised world production downward by 3.7 million tons, with which a harvest of 1,510 million tons is expected (compared to 1,446.3 million tons of the 2022/2023 campaign). Brazil is one of the countries responsible for this decrease, since a production of 129.3 million tons is estimated, 3 million tons less than in last month's report. Likewise, it should be noted that within coarse grains the USDA has revised the world sorghum harvest downward to 59.5 million tons, that is, 430,000 tons less. Oat production remains at 19.3 million tons and barley remains practically unchanged at 142.7 million tons. Regarding corn, the USDA has revised upwards its previous forecast by 3.1 million tons, now aiming for 1,232.5 ...