Brazil is expected to surpass the US in corn exports for the this marketing year, but some members in the ag industry say that could be short lived.
Krista Swanson, lead economist with the National Corn Growers Association, says there could be an increase in planted acres in the US that offset lower yields and a smaller crop for Brazil in 2023-24. “The important takeaway with is that it demonstrates the possibility for a leveling in Brazil’s corn production growth and the ability either nation to lead on exports going forward.”
She says widespread drought in the US has helped Brazil become the top global exporter for the first time since 2012.
U.S. could unseat Brazil for top corn exporting nation
