The USDA’s Foreign Ag Service is projecting record corn production for Brazil.
The FAS estimates Brazil’s combined corn crop at 133 million tons, 8 million more than last year following a 1.3% increase in planted area and generally better growing weather.
Brazil’s corn exports are seen at 54 million tons, 4 million higher than a year ago, leading to more competition for the U.S. and potentially making Brazil the world’s largest exporter.
