Oct 31, 2023

2023/24 Brazil's Safrinha Corn Could be Problematic

Author: Michael Cordonnier/Soybean & Corn Advisor, Inc.

Brazil's safrinha corn production could be disappointing due to lower safrinha corn acreage than originally expected. I know the safrinha corn planting is still two months away, but the factors listed below indicate that Brazilian farmers will be reluctant to plant all their intended safrinha corn acreage.

If the domestic corn price improves between now and next January/February, the situation could change, but right now, it does not look encouraging for safrinha corn. The safrinha corn crop is responsible for about three-quarters of Brazil's total corn production.

Brazil's first corn crop was 53% planted as of late last week compared to 56% last year according to AgRural. This represents an advance of 10% for the week.

Parana - The first corn crop in Parana was 91% planted as of late last week with 5% germinating, 94% in vegetative development, and 1% pollinating. The corn is rated 2% poor, 11% average, and 87% good according to the Department of Rural Economics (Deral). The crop is developing normally and farmers are reporting a large incidence of corn leafhoppers.

Rio Grande do Sul - Farmers in the state had planted 70% of the 817,500 hectares of corn projected for the state. Most of the corn is either germinating or in vegetative development with 1% pollinating. The corn is rated as generally in good condition.