The forecast corn crop in Brazil once again reduced
Experts of the analytical Agency of the state of Brazil's Conab has once again lowered the forecast of gross yield of corn. Compared with the assessment last month, farmers will be able to collect 1.5 million tons less, that is only 66,98 million.
the Reason for this adjustment was the lack of moisture in regions that are major producers of corn. The lack of rainfall has led to the deterioration of yield of corn of safrinha.
According to the new balance, second crop Brazilian corn in the season of 2015/16 will amount to 41.1 million tone that will be 1.5 million tons less than expected in the August forecast, at 13.5 million tons less than was harvested in the previous season.