July 11, 2007

Brazil's 2006/07 corn crop estimate down 2.2 percent to 51.7 million tonnes

Brazil's census bureau, IBGE, lowered its estimate for the 2006/07 corn crops by 2.2 percent to 51.7 million tonnes on Tuesday (July 10).

Brazil plants corn in the spring and again in the late autumn. Both crop estimates were lowered from IBGE's May report due to dry weather in the northeast. A late May cold snap also took a bite out of southern Brazil's winter corn crop, reducing production for that second harvest by roughly 4 percent.

Corn is Brazil's No. 2 crop behind soybeans.