Brazilian corn exports are still flagging, with less than a week to go in the month. Exports usually begin surging in July, as the second, Safrinha, crop is harvested. However, the late planting and frost late last month have weighed on loadings. The loading rate is only 31,066 Mt/d so far this month, which is down from 120,382 Mt/d in July a year ago. Despite the weakness in Brazilian exports, corn prices have been under pressure recently, as stronger yields in the central and eastern US corn belt are countering declines in the northwest portion.

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