Brazil's woes continue to mount, with growing concerns that a dry spell across the nation's Corn Belt could cut up to 9m tonnes from output this year. Analyst Dr Conab says the forecast shows very low chance of rain over the next few days, which is "bad news for the safrinha corn crop" adding that "even if scattered showers did return to central Brazil toward the end of April, I think significant damage will have already been done to the later planted safrinha corn." Furthermore, any shortfall in the safrinha will also impact Brazilian livestock producers, who are already being hit by record corn prices.
Brazil's woes continue to mount, with growing concerns that a dry spell across the nation's Corn Belt could cut up to 9m tonnes from output this year. Analyst Dr Michael Cordonnier says the forecast shows very low chance of rain over the next few days, which is "bad news for the safrinha corn crop" adding that "even if scattered showers did return to central Brazil toward the end of April, I think significant damage will have already been done to the later planted safrinha corn." Furthermore, any shortfall in the safrinha will also impact Brazilian livestock producers, who are already being hit by record corn prices.