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IGC Lifts Corn Trade Forecast


The International Grains Council (IGC) has lifted its forecast for Brazilian corn exports in 2017/18 (Jul-Jun) by 1.3 Mt to 26.5 Mt on the expectation of a very strong harvest and high shipments from July onwards. As a consequence, with robust exports also expected from Argentina and Ukraine, global corn trade in 2017/18 is now forecast at a record 138.9 Mt. US corn exports are projected to decline by 8.1 Mt from this year’s strong total to 49.0 Mt.