date:Jan 17, 2013
According to the USDA's Grain: World Markets and Trade report, recent quarterly shipment data show U.S. corn exports dropping to the lowest level in at least two decades. South American shipments, Brazilian in particular, have tripled even in the face of new-crop U.S. supplies.
Drought-reduced production drove up U.S. prices at the same time that key competitors had record or near-record supplies. Simultaneously, early Brazilian soybean shipments and a smaller crop provided port availability to