SAO PAULO, Brazil (DTN) -- Mato Grosso, Brazil's No. 1 grain state, will see corn production decline 32% this season due to falling planted area and the intense rains that fell on the crop during planting, Mato Grosso's Agricultural Economy Institute (IMEA) said.
Planted after the soybean crop in January and February, the current crop will produce 15.2 million metric tons (mmt), representing an 11% reduction on its previous estimate.
Mato Grosso produces just under half of the Brazilian second corn crop.
Margins on second-crop corn were very poor last year, and poor prospective returns this season prompted farmers in ...