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MY 17/18 corn production is estimated lower at 83 MMT, due to late-planted safrinha corn, reduced crop inputs, and dry conditions in some states.
On May 21, 2018, hundreds of thousands of Brazil’s nearly 2 million truck drivers began an 11-day strike to protest high diesel prices, a move that slowed Brazil’s economy....
Brazil has finally overcome the worst recession in its history. In 2017, the retail sector responded positively, expanding 0.8 percent.
Post forecasts 2018/19 soybean production at 115 million metric tons (mmt), the second largest crop on record.
Brazil’s MY 2018/19 sugarcane crush is estimated at 628 mmt, a decrease of 11 million metric tons compared to the previous crop, mostly due to below average crop management and slower stock....
MY2017/18 corn production is forecast lower at 89 million metric tons (MMT), based on reduced area for first and second-crop corn and an expected return to average yields.
Post forecasts cotton planted area for 2018/19 to increase to 1.2 million hectares, the highest level since 2012, based on higher prices and domestic demand.