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brazil "second crop" corn
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Posted 1/28/2015 07:00 (#4344067 - in reply to #4343993)
Subject: RE:Funny you should ask.



Death comes to us all. Life's but a walking shadow
First, keep in mind that Brazil uses a substantial amount of corn for domestic use and as their beef production increases you would expect that use to increase (this extra beef might begin to compete with US beef in the long run but given the current beef situation probably not now). Supposedly the second crop corn to the extent that it's available is the corn that is exported. Remember they need to truck the better part of their 90 MMT+ soybean crop some 600 miles to the coast in trucks over mediocre highways before they think about moving much corn. For Mato Grosso alone this amounts to a million truckloads. Just yesterday I posted a chart of the Jan WASDE (below) showing that corn production for both Brazil and Argentina have trended lower in the past two years and depending on the price of soybeans will probably continue to trend lower.
That said the Brazilian producers who can will probably continue to plant second crop corn for the same reason some US producers double crop soybeans, it maximizes profit. The other reason is that they have pretty much proven that soybeans behind soybeans is a disaster given the insect and pathogen pressure of that climate.



(corn prod 121314-page-001.jpg)



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Attachments corn prod 121314-page-001.jpg (77KB - 134 downloads)
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