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5/12/2021
By Nayara Figueiredo and Roberto Samora
SAO PAULO, May 12 (Reuters) - Dry weather and poorly timed planting are weighing on Brazil s second corn crop this year, reviving fears of another surge in feed prices like the one that battered big meatpackers after a 2016 drought.
Soaring prices convinced Brazilian farmers to plant their second corn crop outside the ideal climate window this year. But the crop was hit by the country s worst drought in five years, reducing yields.
Given surging demand in global grains markets, a corn shortage could squeeze profit margins in Brazil for some of the world s biggest protein producers, including JBS SA and BRF SA. ....

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