Brazil is positioned to surpass the U.S. in corn exports this year. National Corn Growers Association lead economist Krista Swanson believes the marginal profitability for corn may affect the acres planted to second crop or safrinha corn. “The comparison between U.S. and Brazilian prices have narrowed these last few weeks. The exchange rate difference and the record corn crop coming onto the market are the cause of those differences.” The interest in corn is somewhat fickle in Brazil. “Their appetite for corn production depends on relative costs, investments in their infrastructure and transportation systems and demand after the corn market gets flooded.”
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