Brazilian Corn Estimate May Boost U.S. Demand

Following the release of USDA’s monthly Supply and Demand Report, Total Farm Marketing Senior Market Advisor Naomi Blohm said it offered friendly news for corn. “Because there was nothing unexpectedly bearish, the market has every reason now to hold the gains it has made in the past week.” Blohm said the lower Brazilian corn crop estimates could lead to more demand. “If that Brazil number comes down anymore, we may see more export business come to the United States.”