Planting activities should intensify from September on, helped by the rains in Brazil.
Between September 1st and 18, corn prices received by growers valuated 1.43 percent in average of the main trading areas. In trade between companies, the increase was of 2.63 percent.
Frosts in the first days of September have not affected the corn production in Brazil. El Niño during the spring season is more relevant news. That means more rain in the Southerner of the country, area affected by the dry weather last years.
US corn production accounted for 41 percent of the global supply in the average of the last five seasons.
For 2006/07, USDA forecasts 282.30 million tons in the US, an increase of 1.3 percent in relation to the August's estimative.
The global production should totalize 690.78 million tons, little inferior to the 718 million tons produced in 2004/05.