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Stonex cuts Brazil's second season corn product forecast

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According to stonex, due to the recent frost weather in South Mato Grosso and Parana, the second season corn production in Brazil in 2020 / 21 will be reduced to 60.45 million tons, lower than the 62 million tons predicted earlier. Before the frost disaster in the past few days, Brazil's second season corn crop has been affected by drought.

Stonex said that due to the recent frost weather, it is unable to know the exact loss at present, and it does not rule out further reduction of production in the future.

Brazil's Agrometeorological company said corn may be the crop most affected by the frost this week. Previously, corn crops have lost part of their yield potential due to late sowing and drought.

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Source: China Agricultural Information Network