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Brazil's second corn crop harvest begins amid falling prices

Created at 1 Jun · 8:38 PM4 sources↑ Market-relevant4 events
IN SHORT

Brazil's second corn crop harvest has begun rapidly, with 2.4% of the area already harvested, ahead of last year's pace. Clear weather in Mato Grosso is facilitating the expedited harvest, but falling prices and high freight costs are impacting farmer profit margins.

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Key Numbers

2.4%area of Brazil's second corn crop harvested
1.3%area harvested at this time last year

Who's Involved

AgRural
Consultancy providing harvest data

↳ Why This Matters

The rapid start to Brazil's second corn harvest, despite adverse price conditions, signals a potentially large supply entering global markets, which could influence commodity prices and farmer profitability worldwide.

Key facts

  • Brazil's second corn crop harvest has started quickly.
  • 2.4% of the area has been harvested, ahead of 1.3% at this time last year.
  • Clear weather in Mato Grosso is contributing to the expedited harvest.
  • Falling prices and high freight costs are impacting corn profit margins in Mato Grosso.

Mato Grosso is a major agricultural state in Brazil, and the safrinha corn harvest is a significant event for global grain markets. Favorable weather conditions can lead to larger yields and faster market supply, impacting commodity prices. However, current economic challenges are affecting farmer profitability.

Frequently asked questions

The safrinha harvest refers to the second crop of corn planted after the main soybean harvest in Brazil.

The harvest is occurring in the Brazilian state of Mato Grosso.

Clear weather conditions across most of the state are expected to expedite the harvesting process.

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Cadence
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How It Developed

2 Jun · 12:49 PM
This article reports on Brazil's coffee harvest, which is slow due to wet weather but expected to yield a large crop.
@TradeADMIS via PiQSuite
2 Jun · 1:39 AM
New article reports on record safrinha harvest, falling prices, and freight costs impacting corn profit margins in Mato Grosso.
@GRAINSOILSEEDS via PiQSuite
1 Jun · 8:34 PM
The corn safrinha harvest in Mato Grosso is expected to be fast due to clear weather across most of the state.
@GRAINSOILSEEDS via PiQSuite
1 Jun · 8:33 PM
Brazil's second corn crop harvest has started quickly, with 2.4% harvested, ahead of last year's pace.
@GRAINSOILSEEDS via PiQSuite

Sources

T1
#CORN SAFRINHA HARVEST IN MATO GROSSO WILL BE BE FAST DUE TO THE CLEAR WEATHER IN MOST OF THE STATE.@GRAINSOILSEEDS via PiQSuite
T1
RT @tx_marcelo: #Brazil second #corn crop harvest has a quick start. Consultancy @AgRural says 2.4% of area harvested, vs 1.3% at this time…@GRAINSOILSEEDS via PiQSuite
T1
RT @agronewsbrasil: 📰 Safrinha recorde, preco em queda e o frete que come a margem do milho em MT 🔗 https://t.co/0mwVqgxg07@GRAINSOILSEEDS via PiQSuite
T1
Brazil #coffee harvest remains slow due to wet weather, but a large crop is expected as harvest activity picks up. https://t.co/qoq2vehNf9 #futures #commodities #MarkBowman@TradeADMIS via PiQSuite

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