StoneX released a November report, predicting that Brazil's total corn production for 2024/2025 will reach 128.5 million tons. Even though domestic consumption and exports are expected to increase, ending inventory will still reach 19.5 million tons.

Based on the current export pace, Brazil's corn export volume is expected to reach 37.5 million tons in 2024/2025.

StoneX expects Brazil's second season corn production to be 101.5 million tons this month, a year-on-year increase of 8.4%, as planting area is expected to increase by 0.8% and yield is also expected to recover. Last year, some states faced drought conditions.

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