date:Apr 10, 2013
lower prices will increase the quantity demanded in world markets.
US corn was trading at a significant spread to Argentinean corn in the second half of 2012 and early 2013. The spread has for the most part disappeared. Combined Argentina and Brazil corn exports in 2012/13 are currently projected to be 38 million MT, compared to a little over 20 million MT out of the US.
The main challenge for South America at this point is transportation, with wire stories this week noting Brazil may import A