Brazil Wheat Faces One Weather Challenge after Another .

(Aug 24, 2017)

Brazil wheat production for 2017/18 is estimated at 5.2 million metric tons (mmt), down 1.53 mmt or 23 percent from last year and down 7 percent from the 5-year average. Area is estimated at 1.95 million hectares, down 0.17 mha from last year. Lower prices and higher costs of production have driven wheat area down for the third year in a row, and wheat area (see Figure 1) has declined an average of 10 percent per year since 2015. This season has been a challenging one due to a series of unfavorable weather events that have reduced prospects for the crop.