South American corn supply declining

South American corn supply declining

Based on current forecasts, the supply of corn from the two primary South American producers, Brazil and Argentina, will decline this year. But because the beginning inventories were larger, exports are only expected to decline 2 million to 3 million metric tons.

But last week’s “official” forecasts are thought to still be too high given ongoing weather issues, particularly in Brazil. Weather for Brazil’s second...

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