Brazilian corn exports over the March 01-April 30, 2017 period lagged behind the levels seen on the previous year, testament to a slow start of the season.
The large difference in export surplus was a reflection of the bumper crop projected for the 2017-18 MY.
Brazilian Corn Export Surplus as of May 01. (2017-18 MY Vs 2016-17 MY)
Source: Brazilian Ministry of Foreign Trade/AgFlow/Own Estimates
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Brazilian Corn S&D Table
Source: USDA/Conab/Own Estimates
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Most export destinations suffered from Brazilian weaker output and lower availability for corn export in 2016. Iran was one of the few destinations to register a higher level of corn imports from Brazil.
Top Brazilian Corn Export Destinations
Source: Brazilian Ministry of Foreign Trade/AgFlow