• Customer Support:+91-22-40334567/69
  • Business Enquiry:+91-22-40334567/69
  • IT Support:+91-22-40334510/11/12
  • Fax No:022-40334568
NIFTY 10,936.85
profit arw -82.05 (-0.74%)
SENSEX 36,541.63
profit arw -217.86 (-0.60%)
GOLD 30,123.00
profit arw 18.00 (0.06%)
SILVER 39,066.00
profit arw 20.00 (0.05%)
ALUMINI 140.30
profit arw 0.95 (0.68%)
CRUDEOIL 4,696.00
profit arw -188.00 (-3.85%)
USD 68.68
profit arw 0.10 (0.14%)
GBPINR 91.30
profit arw 1.17 (1.30%)
JPYINR 61.18
profit arw 0.19 (0.31%)
EURINR 80.57
profit arw 0.69 (0.87%)
Home >> Market >> News >> News Details

Commodity Futures - Pre-session commentary
12-Jul-2018     08:46

CONAB Reduces Brazilian Corn Crop By 2 Million Tonnes For July

Conab released their July Crop Report yesterday (July 10th) and in that report, they reduced their estimate of the 2017/18 Brazilian corn crop by 2.0 million tons from their last estimate to 82.9 million tons. The 2017/18 Brazilian corn crop is now estimated at 14.9 million tons less than the 97.8 million tons produced in 2016/17. The main reason for the decline was a lower estimate for the safrinha corn crop.Conab is now estimating the 2017/18 safrinha corn crop at 56.0 million tons, which is down 2.2 million tons from last month and 11.3 million tons lower than last year. A prolonged period of more than 40 days dry weather during April and early May in Parana and Mato Grosso do Sul had a negative impact on the crop.The safrinha corn crop in Parana, which is the second largest producing state, is now estimated at 9.1 million tons, which is down 30% from last year's crop. The safrinha corn crop in Parana is less than 5% harvested, which is slower than the average harvest pace. In Mato Grosso the Sul, the safrinha corn crop is now estimated at 6.8 million tons, which is down 28% from last year.

Powered by Commodity Insights

Copyright © 2017 All rights Reserved, Joindre