date:Feb 24, 2014
In 2013, U.S. wheat was able to enter the Brazilian market en masse, taking advantage of market conditions. With Argentina out of market, and a temporary tariff reduction in place, U.S. wheat was able to effectively meet the needs of Brazilian millers. In 2013, Brazil became the second largest market for U.S. wheat, just 500,000 mt behind China.
Despite record global production, Argentina, which traditionally supplies most of Brazils wheat import demand, experienced the worst crop in a cent