Analysts are starting to fear that dry weather might once again affect the “safrinha” (second) corn crop in Brazil, which represents approximately 70 percent of total production. The season started with dry weather, and forecasts do not call for significant rain in the near future. In 2016, the drought reduced the crop to 67 million metric tons (MMT) compared to 98.5 MMT last year. Current projections peg 2017/18 production at around 85 MMT.

Brazilian corn exports

Source: ANEC
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