CHICAGO May 8 Crop forecaster Lanworth raised
its estimate of corn production in Brazil by nearly 2 percent on
Wednesday, following heavy rains in key production areas in
Lanworth said it expects the 2012/13 corn harvest in Brazil
to be 78.5 million tonnes, up from its previous estimate of 77.1
"April precipitation exceeded normal by 20 to 30 percent in
core production districts of Mato Grosso and Mato Grosso do Sul,
maintaining near normal soil moisture as the dry season began,"
Lanworth said in a report.
Lanworth also cut its forecast for 2013/14 wheat production
in Australia to 24.3 million tonnes from 25 million, citing dry
conditions in the state of Victoria.
It also lowered its outlook for 2013/14 Ukraine wheat
production to 21.9 million tonnes from 23.3 million due to warm
and dry conditions.
The forecaster trimmed its 2013/14 China corn production
estimate by 1 million tonnes to 216 million and raised its
2013/14 U.S. wheat production estimate by 2 million bushels to
Lanworth is a brand of Thomson Reuters Commodities Research
and Forecasts. A Lanworth spokesman said the reported estimates
are the midpoints of confidence ranges.
The full report is available to Thomson Reuters Eikon
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