We have reported in our recent blogs about the weather condition here in Brazil and how it affected the Safrinha corn production. Main producing states suffered record losses due to drought and frosts.
The safrinha corn is responsible for most of the corn produced in the country and is estimated to produce around 74% of the grains in Brazil. The total production estimated by CONAB (Brazilian National Supply Agency) in its latest report is 3.3 billion bushels of corn, of which 2.3 billion originate from safrinha. This means a drop of 25.7% in yield estimated for this season.
Before the reductions displayed in the map, the final stocks estimated for the end of the harvest-year of 2020/2021 is 196 million bushels of corn, a number that is 51.5% smaller than last year. This new arrangement is explained, primarily, by the reduction in total corn production caused by the lack of water availability during the development of the crop and frost towards harvesting.
It could be worse: the reduction was not bigger only because the high prices of the grain created an increase in the planting area of 8.1%, reaching 36 million acres of land.
The opinions of the author are not necessarily those of Farm Futures or Farm Progress.