Brazil and Argentina play a large role in world corn and soybean markets. Brazil has seen a significant rise in corn production over the past 10 years, and soybean production has also been increasing steadily since about 1996 in both of these countries.
As you can see in the pie charts below, Brazil and Argentina contribute nearly half of the world soybean exports, and they are also relied on heavily in the corn export market.
The U.S. leads the way in corn production at about 54% of the world total, and Argentina and Brazil combine to add about 10%. The world corn export market sees about 40% come from the U.S., 31% from Brazil and Argentina, and the remaining 29% from the rest of the world.To see the complete report please click here.