Corn: A Banner Year for Brazil

11.12.2019 10:21 "Agro Perspectiva" (Kyiv) — According to the report of the USDA Grain: World Markets and Trade (December 2019), Brazil’s corn exports have been massive this year1. Cumulative exports from March to November totaled 33.3 million tons, more than doubling the amount for the average of 3 previous years. Export destinations have not been limited to traditional markets of Iran, Vietnam, and Egypt, but also expanded to Japan, the EU, and South Korea. While robust foreign demand, abundant supplies, and competitive prices have boosted exports, the depreciation of the real has further stimulated sales to the global market. Since April 2018, the value of the real has dropped about 20 percent against the dollar. Strong exports have drawn down stocks. Currently, ending stocks for the marketing year 2018/19 are expected at 5.0 million tons, the smallest since 2011/12. This would give little buffer to meet domestic needs in case of adverse events and constrain later sales. Moreover, prices have moved up reflecting the market situation. In Mato Grosso, the top-producing state, corn prices are about 50 percent higher at the end of November than a year ago. These strong prices are expected to boost area for the second-crop (safrinha) corn. The second-crop corn planting starts in January in the Center-West. Global import demand remains solid, while uncertainty continues for a few exporting countries. With a newly-elected government in Argentina, speculation is rampant over potential export policy changes. Unfavorable weather conditions in the United States disrupted planting and now harvest, though prices are becoming competitive. Prospects for Brazil’s corn appear bright in the short term, as evidenced by USDA’s forecast for record exports.

13.01.2021
	17:25	China Demand and Global Supply Concerns Drive U.S. Soybean Price Higher
	16:30	China Meat Consumption Expected to Rebound in 2021
	10:50	Despite Grain Export Restrictions, Russia to Reclaim Top Wheat Export Position
31.12.2020
	16:37	2020 in review: Focus on staff well-being drives FAO forward
	15:36	Sustainability’s influence on chocolate purchase decisions continues to grow, Cargill study finds
	13:35	Malaysia. Palm oil (CPO) production forecast - 19.6 million MT
28.12.2020
	15:09	Serbia’s total area wheat crop is estimated at 600,000 ha
	14:10	India. Winter temperatures this coming December through February, along with precipitation will be critical
24.12.2020
	17:15	Make #NotWasting food a personal resolution
	16:15	Two cases of HPAI on duck farms in France threatening the foie gras industry
22.12.2020
	21:25	Philip Morris files suit against Ukraine in intl investment arbitration due to AMCU penalty
	21:00	FAO moves to scale up response to Fall Armyworm as pest continues to spread
17.12.2020
	17:15	Global Environment Facility approves over $78 million to support FAO-led projects
	16:38	Desert Locust upsurge continues to threaten food security in Horn of Africa and Yemen despite intense efforts
11.12.2020
	15:55	India Tariff Cut Boosts Palm Oil Imports
	13:31	Global Wheat Prices Supported by Record Global Imports
08.12.2020
	13:00	Jose Carlos Corral Montilla appointed to Managing Director of BTC Europe
	12:10	Chile. Avocado exports will reach 145,000 MT, assuming planted area and productivity remain unchanged
07.12.2020
	15:30	Cargill, IFPEN and Axens collaborate to advance lactic-to-acrylic-acid technology
04.12.2020
	14:15	World 2020 cereal production forecast reduced further
	13:50	FAO Food Price Index rises sharply
	13:25	EBRD supports Ukrainian pet food producer Kormotech
03.12.2020
	16:10	Thailand: Rice export prices increased 1-3 percent
	16:05	FAO and partners advocate for inclusive food systems to combat rural poverty
01.12.2020
	14:05	Draft state budget for 2021 submitted to Rada for consideration at second reading
30.11.2020
	15:10	Belgian Regains African Swine Fever-Free Status
29.11.2020
	01:20	HPAI Detected in Commercial Turkey Flock in Sweden
25.11.2020
	13:50	Poland has been the EU’s largest turkey meat producer since 2017
	12:01	Global 2020/21 Sugar Production is Estimated Higher United States, India, and Brazil Up 10 to 40 Percent
	10:50	HPAI Detected in Commercial Flock in Denmark
23.11.2020
	17:10	FAO urges G20 to support farmers, protect the vulnerable and invest in innovation
18.11.2020
	17:00	Decline of Ukraine's GDP slows to 3.5% in Q3, 2020 – statistics
	16:35	Bulgarian grain trading has been slower than the previous season
12.11.2020
	12:21	Bosch and BASF establish joint venture for digital technologies in the agricultural sector
	08:50	Lower Sunflower Seed Production in Ukraine and Russia Tightens Global Oilseed Supplies
10.11.2020
	17:00	Global almond production for 2020/21 is forecast 15 percent higher to 1.7 MMT
09.11.2020
	10:48	Despite a cut in world cereal production, this year’s forecast output remains an all-time high
08.11.2020
	14:50	Global food prices continue rising in October
05.11.2020
	12:15	BASF and TECNALIA accelerate R&D of new crop protection products through digitalization
03.11.2020
	17:00	Scrapie Identified in Sheep in Iceland
	16:35	National budget receipts target met by 109.8% in Oct – Treasury
28.10.2020
	17:00	European Bank for Reconstruction and Development and FAO approve COVID-19 technical support package
	16:45	2020 EU milk deliveries will grow by one percent
27.10.2020
	16:41	Pork. Global productionisforecast 4 percent higher in 2021 due to rebounding output in countries affected by ASF
26.10.2020
	17:00	FAO and OIE kickstart global initiative to stop spread of deadly pig disease
	16:50	KWS Group achieved an approximately 15% increase in net sales to ˆ1.28 billion in fiscal 2019/2020
	16:35	NBU keeps key policy rate at 6%
23.10.2020
	13:00	Cargill invests to promote circular economy with its first multi waste- and residues-based biodiesel plant
21.10.2020
	13:55	International prices of wheat and maize rose sharply in September but those of rice edged down
20.10.2020
	20:45	ACC insists on early adoption of law on govt bond issue for settlements with 'green' energy