Final data on Brazil’s corn exports in July show a small acceleration at month-end, but still a weak showing compared to prior years. They totaled 1,222,763 Mt, or a daily rate of 39,446 Mt/d. That compares to figures a year ago of 3,731,785 Mt, or 120,382 Mt/d.
As expected, the impact from the late planting and frost at the end of June weighed on loadings. That would normally be expected to boost prices, however, signs that the US crop is performing well are keeping corn futures prices subdued.