NEWS
Alastair Stewart South America Correspondent
Tue Jan 14, 2014 01:54 PM CST

Brazilian Corn Outlook

Corn crops in southern Brazil were damaged by hot, dry weather in December but, in compensation, second-crop planted area will now likely grow, rather than decline, Agroconsult, a local farm analytics group, said Tuesday.

Brazil will produce just 32.1 million metric tons (mmt) of summer corn in 2013-14, down 8% on last year. The consultancy reduced its estimate after a hot, dry spell in Rio Grande do Sul and central Parana that hit corn during key development phases.

The forecast is lower than the Agriculture Ministry's estimate of 32.8 mmt.

Over the last five years, many farmers ...

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