Reduced corn stocks in Mercosur increase pressure on global market

Mercosur has been gaining increasing relevance in the international corn market, with a forecast share of 46% in global corn exports for the 2024/25 cycle, according to data from the Céleres® Monthly Newsletter. Over the last ten years, the bloc has seen its market share grow by 15 percentage points, with a projected export of 88.4 million tons, a historic record. Although the United States and China, which account for more than 50% of global production, still dominate the global market, Mercosur has increased its share from 13% to 17% in just four years. This growth places the region in a strategic position in the formation of international corn prices. In Brazil, the area planted with corn in the summer harvest is expected to register a reduction of 2.5%, totaling 4.2 million hectares and an estimated production of 27.1 million tons, due to the greater financial return on soybeans. On the other hand, the winter harvest follows an opposite trend, with an increase in the planted ...