CONAB Raises Brazil Soyabean and Corm Acreage For 2016

Conab released their first survey results concerning the 2016/17 safrinha corn crop in Brazil. They estimated that the safrinha corn acreage would increase 4.7% from 10.53 million hectares in 2015/16 to 11.03 million hectares in 2016/17. The top four states for safrinha corn acreage in 2016/17 are: Mato Grosso with 36.6% of the total, Parana with 20.7%, Mato Grosso do Sul with 15.0%, and Goias with 11.4%. These four states will account for 83% of the total safrinha corn acreage in Brazil.

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Conab is estimating that the safrinha corn yield will be 5,310 kg/ha (81.7 bu/ac), which is 37.5% more than the 3,861 kg/ha (59.4 bu/ac) produced in 2015/16. This is the same yield increase they have been using for several months. The total safrinha corn production is estimated at 58.59 million tons or 44% more than the 40.67 million tons produced in 2015/16. If verified, the safrinha corn crop would represent 67% of Brazil's total corn production. 

 

Conab increased their estimate for the full-season corn crop slightly from their January estimate. The full-season corn crop in Brazil is now estimated at 28.81 million tons, which is 0.4 million tons more than their January estimate.

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