An ag consultant says weak Brazilian currency could help it surpass the U.S. as the largest global corn exporter.
Angie Setzer with Consus tells Brownfield U.S. corn exports have been underwhelming.
“What really drives prices is going to be demand, specifically Chinese demand, and so far, we’re just not seeing that pick up,” she explains.
Meanwhile, she says recent phytosanitary agreements between Brazil and China have increased their deliveries by, “a million and a half metric tons in the month of December, another million or so in the month of January, and is looking at taking another dab in February,” she says.
