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Drop in US corn crop will favor Brazilian producer

Brazil can profit from the drop in corn crop in the United States. Information collected by the National Supply Company (Conab) point to a real possibility that occur breaks.

Drop in US corn crop will favor Brazilian producer

If confirmed, it could lead to more market for Brazilian corn that has, for the next harvest, expected to hit a record high, with a production to 34.5 million tons.

"But this will only be confirmed if it would consolidate the climate issue planned for the US," said the director of Conab, Silvio Porto. In his assessment, there is a great possibility that the crop of US corn be below initial expectations at the beginning, "were very positive".

"There are about a month there, in the US, the growth area notice [to the cornfield] very expressive, 4 million hectares, which would allow [a crop] between 370 and 380 million tonnes. This caused a very significant impact of excessive global supply, "said Porto.

The American optimism turned out to be revised because of the terrible weather conditions for the crop. "We evaluated according to the information we had, that 30% of the area [used for corn] is considered bad weather or bad. This has led to an expectation of crop failure there. But it also depends on what will happen in the coming weeks for planting and crop development. Anyway, we are sending technicians to the United States to assess the situation and bring more accurate information [on climate situation and her reflection in corn]. "

On the one hand the US have bad forecasts for the corn crop, the expectation in Brazil is production record. "Brazil is extremely comfortable situation because we can come quietly to an increase of 15 million tons of corn, and reach a production of about 35 million tons. Our situation is very comfortable also with respect to the supply. "

Source: Source: Agency Brazil

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