date:Feb 24, 2014
4, which is an election year.
Brazils 2013/2014 production is estimated at 5.3 mmt, a 17 percent increase from the previous year based on anticipated high prices at planting. However, those prices were not realized at harvest due to record global wheat production. Brazils demand for wheat cannot be filled domestically because thedomestic wheat must be blended with higher quality imported wheat in order to achieve desired baking qualities. When Brazilian millers use U.S. wheat, its blended at