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CONAB raises Brazil corn crop estimate again

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Brazil’s equivalent of the USDA sees that nation’s already record large corn crop getting bigger.

CONAB now sees the combined corn crop at 127.767 million tons, 1.6% above the June guess and 12.9% more than 2022 due to higher planted area and better growing weather than last season.

That includes a second crop of 98.043 million tons, which is currently being harvested. First crop production was 27.35 million tons, an increase of 9.3% on the year, while the third crop is projected at 2.374 million tons, which would be 7.3% larger than last year.

CONAB raises Brazil corn crop estimate again

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