February 2025 WASDE Report - Corn

12-Feb-2025 11:03 AM

February 2025 WASDE Report - Corn
★ Brazil's production was reduced by 1 million tons to 126 million tons due to slower planting of the second crop.
★ Argentina's production is expected to decrease by 1 million tons to 50 million tons, with trade estimates at 49.5 million tons.
★ The USDA reduced global corn stocks by 3.03 million tons, bringing the total to 293.34 million tons, including a 3 million ton decrease in China's stocks.
★ ANEC raised Brazil's February export estimate to 13 million tons, up from the previous estimate of 10.3 million tons.
★ According to Patria Agronegocios, Brazil's corn production estimate could reach 125.03 million tons, 4.8 million tons lower than the previous forecast.