Why Brazil’s 2023/24 Corn Crop Could Be a Wild Card
After two back-to-back record corn crops, Brazil’s 2023/24 production is expected to take a few steps back. In its first forecast for 2023/24, the country’s crop forecasting agency Conab estimates Brazil’s farmers will harvest 119.44 million metric tons (MMT) of corn, down -9.5% from last year. The decline is a combination of falling profit margins, …
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