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With record harvest, Brazilian corn exports have positive outlook

Corn prices have rallied of late, and the Brazilian agro sector expects the next harvest to be massive

Corn prices have rallied of late, and the Brazilian agro sector expects the next harvest to be massive.
Photo: FR.Agro/Shutterstock

Droughts and frosts made 2021 a terrible year for Brazilian corn producers, especially those focused on foreign markets. But the outlook has improved this year, with exports of the commodity picking up since July, both in terms of volume and price. 

The trend should continue over the next few months and possibly even into the next harvest, which begins in February.

In July, Brazil exported 4.1 million tons of corn, according to the Foreign Trade Secretariat. The volume is 107 percent higher than that recorded in the same period last year and second only to exports in the same...

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