Conab: Brazil To Harvest Record 219.1 Million Tons Of Grain

Brazil's State Agency Conab projected grain yield in Brazil at 219.1 mln tons in 2016 - 2017, which is 17.4% higher than the previous 2015 – 2016 MY.

Grain yield will bounce back after last year's drought. Grain areas have grown by 2.1% to 59.5 mln tons.

Soybean yield has reached record 105.6 mln tons, which is 1.8 mln tons higher than the January forecast.

Corn production will be at a record level too – 87.4 mln tons, which is 1.8 mln tons higher than the January forecast. First corn harvest will be 28.8 mln tons and safrinha will be 58.5 mln tons.