Government sources in China indicate corn production for 2012/13 at 205.6 million tons, down 2.4 million from the previous estimate.

In some areas, the crop suffered from excess wetness, trimming both quality and quantity produced. However, the 2012/13 yield, though reduced from the previous estimate, remains record high.

Brazil’s 2012/13 second-crop corn is just beginning to be harvested, and the Brazilian government (CONAB) increased area harvested for grain in its latest report. Recent showers across Mato Grosso came after the dry season had set in, providing a boost to corn in the grain-fill stage. Corn production is up 1.0 million tons this month to a record 77.0 million.