Spain Cuts Forecast for 2012 Corn Crop, Sees Lower Wine Output

Spain’s Agriculture Ministry cut its forecast for 2012 corn production as the growing area was smaller than previously reported.

The corn harvest may climb 2.3 percent to 4.24 million metric tons from 4.15 million tons in 2011, based on the situation at the end of August, the ministry reported on its website today. That’s below a previous outlook for a crop of 4.29 million tons.