date:May 27, 2016
everyone is desperate, said Marcos Rubin, analyst at consultant Agroconsult, which forecasts exports as low as 23 million tonnes in 2016.
Brazils corn exports have tripled since 2012 when a drought over the U.S. grain belt pushed up prices and made winter planting attractive in the frontier grain belt. The country quickly surpassed Argentina as the No. 2 corn exporter.
FALLING EXPORTS, RISING IMPORTS
Strong demand from the livestock industry is supporting internal prices above those at the po