Brazil will be the largest corn exporter

Brazil is already the largest producer and exporter of soy in the world and our agro is about to gain new prominence on the world stage. The forecast of the United States Department of Agriculture (USDA) is that Brazil will export more corn than the United States this year. Brazil has exported more corn than the US only once before, in the 2012/13 drought year, when one of the country's worst droughts ever hit. The continued expansion of corn as a second crop and the recent opening to the Chinese market could mean that Brazil will assume the title of world's largest exporter of corn. In its March “World Agricultural Supply and Demand Estimates (WASDE)” report, the USDA raised its forecast for Brazilian corn exports to 50 million tons for the 2022-23 crop year. That will put Brazil ahead of the United States, the long-established world leader in corn exports. The United States is expected to ship 47 million tonnes to foreign buyers, two million tonnes less than the February ...