StoneX Cuts Brazil’s 2024/25 Wheat Production Forecast to 8.59 Million Tons
StoneX revised its projection for Brazil’s 2024/25 wheat harvest, reducing expected output by 6.8%, from 9.22 to 8.59 million tons. Recent flooding in Rio Grande do Sul devastated infrastructure and lives, leading StoneX to trim the state’s projected wheat planting area by 200,000 hectares. Such losses will likely worsen due to logistical and financial issues. […]