RIO DE JANEIRO, BRAZIL - The second corn crop in south-central Brazil was estimated at 54.6 million tons, consulting firm AgRural said Monday (5), reducing its forecast by 5.4 million tons from the May 27 forecast due to the impact of frosts and drought.
"Part of this 5.4 million ton decline is due to negative yield adjustments due to drought (the main cause of cuts in previous months), but this time the main reason for the adjustment was really frost," the consultancy said in a report, referring to the impact of last week's intense cold.
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