USDA forecasts planted corn acreage in Brazil at nearly 48.19 million acres in 2020/21, up 0.8 percent year on year. A private forecast from Safras & Mercado pegs planted area at 48.56 million acres (19.66 million hectares) in 2020/21, which is 370,000 acres (149,734 hectares) higher than USDA’s estimate and up 1 percent YOY.
In Mato Grosso, Brazil’s top corn state, agricultural officials see planted corn area expanding to about 14.0 million acres (5.67 million hectares), up 5 percent or 670,000 acres (271,139 hectares) YOY.
Brazilian corn production forecasts for 2020/21 range from 4.33 billion bushels to 4.57 billion bushels (110 MMT to 116 MMT). Brazilian corn yield has never surpassed 100 bushels per acre, and it is not expected to in 2020/21.