Brazilian forecast corn production down.

Rains are expected to spread across Brazil’s North, Northeast and even into the Central portion of the country over the coming days, spreading into regions where farmers have been bringing in wet beans and often opting out of second-crop corn planting as the planting window slams shut this week. By this writing, experts at the Mato Grosso Ag Economics Institute indicate that the optimum planting window closes this week, with producers planting between rains. With little time left to go, producers in Brazil’s top second-crop corn state had gotten 68% of the projected crop in the ground by last report. And based on the five-year average for this point in the year, Institute observers figure 74% of the state’s projected 11 million acres of second-crop corn will get planted just in time.