Asian corn demand shifts from Brazil to US Pacific Northwest, supporting US exports
November 20, 2023 Comments Off
Corn from the US Pacific Northwest has regained competitiveness into Asia following a rebound in the Brazilian corn FOB premiums supported by Brazilian farmers’ preference to sell soybeans instead of corn, tighter logistics in Brazil and concerns about the new winter Safrinha corn. The waiting time in Brazilian southern ports continues to build up, choking up export flows during peak…
Asian corn demand shifts from Brazil to US Pacific Northwest, supporting US exports
Corn from the US Pacific Northwest has regained competitiveness into Asia following a rebound in the Brazilian corn FOB premiums supported by Brazilian farmers’ preference to sell soybeans instead of corn, tighter logistics in Brazil and concerns about the new winter Safrinha corn. The waiting time in Brazilian southern ports continues to build up, choking up export flows during peak…
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