Brazilian Corn Crop Estimates: CONAB vs. USDA
The USDA and CONAB are far apart on the 2023/24 Brazilian corn production forecast. CONAB in February lowered total Brazilian corn production to 113.7 MMTs, vs. 117.6 in January. Safrinha production was trimmed 3 MMTs to 88 MMTs on lower projected area (-1.3 Mil Acres). USDA lowered its Brazilian corn production estimate Feb from 127…