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April 29, 2016 | Rueters

Dry Weather May Cut Brazil’s Winter Corn Crop

Brazil last week scrapped import duties on corn from countries

Dry weather in Brazil may reduce the country's winter corn crop by 5 million to 10 million tonnes, resulting in a similar drop in exports from the world's No. 2 supplier of the grain, Bunge CEO Soren Schroder said on Thursday.

Brazil's second corn crop, known as the safrinha crop, is in its crucial pollination stage when hot, dry conditions can hurt yield potential. Analysts and forecasters had expected a record-large crop as recently as last month, but an early halt to summer rains has eroded prospects and prompted some to cut estimates. To read more click here.

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