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SAO PAULO (Reuters) -Frosts hit agricultural regions of Brazilian states like Paraná and Mato Grosso do Sul on Tuesday, signaling further potential losses for corn crops and stalling the domestic market for the grain, a key ingredient of livestock feed.
In a note to clients, weather consultancy Rural Clima said cold weather would continue on Wednesday.
In neighboring Paraguay, which has been exporting corn to Brazil to make up for scarce supplies, frosts were “harsh,” said meterorologist Marco Antonio dos Santos.
However, rain in some areas reduced the damage, especially in northern Paraná.
Paulo Molinari, an analyst with Safras & Mercado, forecast more losses for Brazil’s second corn crop after the cold front hit. The region including Paraná, Mato Grosso do Sul and also Paraguay is in for another frosty Wednesday, he said.