The markets are preparing for a potential record-breaking corn crop this year in Brazil. Growers and farm groups are looking for ways to increase U.S. exports.
Analysts with StoneX say the weather has been good lately, and reports of strong yields are already coming in. The country’s summer crop is around 20 percent of Brazil’s annual production.
A larger supply is expected to be planted in the coming weeks. Climate models currently show favorable conditions moving forward, leaving U.S. ag groups scrambling to find more buyers for U.S. corn.
