Corn Trade Update

Grain

The US Department of Agriculture has raised its export forecast for Brazilian corn exports in the 2015/16 (Oct-Sep) harvest year by 1.0 Mt to an all-time high of 34.0 Mt citing stronger-than-expected shipments. Meanwhile, the US corn export forecast has been cut by 1.5 Mt to 44.5 Mt as the strong export season experienced by its Latin American competitors slows the pace of sales and shipments.