Brazil's Great Wheat Frost of 2013

Parana’s wheat crop was devastated by a frost in July 2013. Conab, Brazil's crop supply agency, cut its production forecast for Brazil’s top wheat producing state to 1.98 million metric tons from 2.7 million metric tons in August. With Mercosur production already low, US wheat exports to Brazil in 2013 soared to roughly 4 million metric tons from an insignificant level in 2012. However, US prominence was short lived with Mercosur production returning to normal. Absent any weather setback, Brazil is projected to only rely on the US for high-quality milling wheat in 2017/18.