In this year, the productivity of the winter corn crop is not defined yet, but the beginning can be considered as good as it was in 2003, in Parana state, the largest national producer of winter corn. The highest productivity of the winter corn crop in Brazil was obtained in the 2002/03 crop - 3,724 kilos per hectare (national average). In Parana state, the average productivity reached 4,420 kilos per hectare during 2002/03 crop.
According to the Seab (Parana Agriculture Secretariat), until March 5th, 62.2 percent of the total area of 1,161.7 thousand hectares planted for the winter crop was already cultivated. In 2003, Parana's crop area was of 1,366.5 thousand hectares, and 57 percent of this total had been cultivated by March 10 of that year.
Between Feb 28th and Mar 15th, the ESALQ/BM&F Index (Campinas region, in Sao Paulo state) dropped 2.13 percent in Real and 0.7 percent in dollar, closing at 20.14 reals or 9.63 dollars per bag of 60 kilos. The pressure comes from the valuation of the Real against the dollar, the decrease of the contract March/07 at the CBOT and the harvest period in Brazil.
In the first week of March, one of the most important news for the North-American corn market was the initial USDA estimative about the corn planting area in the 2007/08 crop. This should total 35.21 million hectares, increasing 3.4 million hectares over the previous crop.