INTL FCStone: Reduction of the Brazilian summer corn crop would be 20%

Not expecting a surface reduction so strong that some predicted, INTL FCSTone foresees that Brazil would have its summer corn crop (2017/2018) planted surface shrank by 10 percent to  12.2 million acres. But the reduction of the output would be sharper. The production decrease would reach 20 percent with a volume of 24 million metric tons. For Ana Luiza Lodi, an analyst at FCStone, the availability of corn in the domestic market will make would push a migration to soybeans. The new crop could start with stocks of nearly 20 million metric tons for the consultancy.

 

 

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