Brazil expecting record 2022-23 corn crop
– Brazil’s corn production in marketing year 2022-23 is forecast to reach a record 126 million tonnes based on the growing demand and price for corn in both the domestic and international market, according to a Global Agricultural Information Network report from the US Department of Agriculture’s Foreign Agricultural Service (FAS).
Brazil on pace for record corn production, exports
Corn exports from Brazil have increased by 221% in the first half of 2022 as importers seek to replace Ukrainian corn that isn’t making it to market due to the ongoing war with Russia.
Argentina grain exports stymied by trucker protest
Loaded grain trucks were not getting to Argentina’s largest port on June 29 as a truck driver protest against high fuel prices brought the country’s agricultural exports to a near standstill, Reuters reported.
Brazil corn production revised upward
Brazil is projected to harvest a larger second corn crop this year as timely rainfall has lessened the severity of drought in the South American country.