date:Nov 12, 2012
more than 30% of the purchases for the current quarter were from South America because of lower prices. Brazilian corn had traded at a $40/ton discount to U.S. origin. However, the discount has since narrowed to $20/ton because of reduced availability of Brazilian corn for February shipment, when old-crop inventories will have dwindled and the new harvest will begin, traders said.
Ukraine's corn harvest is in full swing, but importers in Japan said they were reluctant to buy from Ukraine for s