RIO DE JANEIRO, BRAZIL - Brazil's corn production forecast for 2020-21 has been reduced to 102.6 million metric tons (mt) from the 104.9 million mt projected in November, Brazil's national agricultural agency, Companhia Nacional de Abastecimento (Conab), said in its latest forecast.
Conab said that dry weather condition in the southern region of the country has hurt sowing operations and crop development. Moreover, in some regions farmers have opted for soybeans instead of corn, which has brought down the planted area of the first corn crop.
First corn production in Brazil is pegged at 24.2 . . .