Conab Cuts Brazilian Corn Crop Peg

Posted on 07/10/2018 10:41 AM
Brazil’s statistics agency Conab lowered its safrinha corn crop estimate from 58.22 MMT to 56.01 MMT today. This represents an 11.37-MMT plunge from the year prior. Its total 2017-18 corn crop estimate now stands at 82.93 MMT, down more than 2 MMT from its prior estimate and 14.92 MMT (15.2%) under last year’s crop. South American Cr...