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April 9, 2021

Conab Increases 2020/21 Brazilian Soybean and Corn Estimates

Author: Michael Cordonnier/Soybean & Corn Advisor, Inc.

In their April Crop Report, Conab increased their estimates for the 2020/21 Brazilian soybean and corn crops. The soybean estimate was increased 0.41 million tons to 135.54 million and the corn estimate was increased 0.9 million tons to 108.96 million.

The soybean estimate was increased due to a slight improvement in the nationwide yield now estimated at 3,523 kg/ha (52.4 bu/ac), which is up 0.1 bu/ac from last month. The soybean acreage is estimated at 38.47 million hectares (95.0 million acres), which is up 4.1% from last year. The 2020/21 soybean production is up 10.6 million tons compared to last year or an increase of 8.6%.

The total Brazilian corn production is estimated at 108.96 million tons, which is up 6.37 million or 6.2% compared to last year. The full-season corn acreage is estimated at 4.34 million hectares (10.7 million acres), which is up 2.5% compared to last year. The safrinha corn acreage is estimated at 14.83 million hectares (36.6 million acres), which is up 7.9% compared to last year.

The full-season corn estimate was increased 1.02 million tons to 24.51 million while the safrinha estimate was lowered 0.20 million tons to 82.60 million. The full-season corn yield is estimated at 5,644 kg/ha (89.7 bu/ac), which is up 2.4 bu/ac from last month. The safrinha corn yield is estimated at 5,567 kg/ha (88.5 bu/ac), which is down 1.1 bu/ac from last month.

Safrinha corn now represents 75.8% of Brazil's total corn production with the full-season corn represents 22.4% and the third corn crop in northeastern Brazil represents 1.6%.