Will Brazil Emerge as the Number One Corn Exporting Nation?

Joana Colussi, Gary Schnitkey, and Nick Paulson - Gary Schnitkey - The United States Department of Agriculture (USDA) forecast that Brazil will export more corn than the United States this year has shaken the global corn market. Brazil exported more corn than the U.S. only once before, in the drought year of 2012/13. If Brazil emerges as the largest exporting nation, its front-runner status might not be temporary. The continued expansion of corn as a second crop and the recent opening to the Chinese market could mean that Brazil will keep competing with the U.S. for the title of world's top corn exporter more often in the coming years. This article examines the main factors that could push Brazil into first place.

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