Brazilian second-crop planted area will actually rise 1% despite a smaller planting window and projected negative margins, Celeres, a local farm consultancy, said Monday.
Area is pegged at 21.1 million acres, higher than most estimates which forecast a decline in area.
Celeres projected the summer corn crop, which is now 93% planted, at 36.1 million metric tons, up 6.1% on the year before.
As a result, Brazil will produce 85.2 mmt of corn in 2014-15, up 8.6% on the year before.
Alastair Stewart can be reached at Alastair.firstname.lastname@example.org
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