Drought Threatens Brazil’s Major Corn Crop

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  • Bloomberg Markets and Finance published this video item, entitled “Drought Threatens Brazil’s Major Corn Crop” – below is their description.

    Key corn growing areas in Brazil have gone weeks without significant rain. The drought is likely to have a drastic impact on the country’s second and largest corn crop. What will be the impact on global grain balance sheets and U.S. export demand? Presented by @CME Group: https://www.cmegroup.com/openmarkets/quicktake-by-bloomberg.html?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insights

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    In This Story: Brazil

    Brazil is the largest country in both South America and Latin America.

    Its capital is Brasília, and its most populous city is São Paulo. The federation is composed of the union of the 26 states and the Federal District. It is the largest country to have Portuguese as an official language and the only one in the Americas, as well as the most populous Roman Catholic-majority country.

    Its Amazon basin includes a vast tropical forest, home to diverse wildlife, a variety of ecological systems, and extensive natural resources spanning numerous protected habitats. Brazil is classified as an upper-middle income economy by the World Bank and a newly industrialized country.

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