BRAZIL CORN EXPORT FOLLOWS HIGH FOR THE FIRST 3 WEEKS AUGUST

Brazil’s corn exports continued at a rapid pace in the first three weeks of August, after breaking a record the previous month, according to data from the Foreign Trade Secretariat (Secex) of the Ministry of Economy. In the first 12 business days of August, corn shipments totaled about 4.3 million tons, an average of 358.1 thousand tons per day, while the average for the previous month was 274.6 thousand tons daily. The daily average indicates that August shipments may exceed those of the previous month. In July, total grain exports were 6.317 million tons, up from the previous record of December 2015. At that time, experts already indicated that August sales could be even higher. Year-over-year shipments for August 2018 totaled 2.82 million tons. In addition to strong exports, Brazil is also expected to record a record corn crop this season, at 101.91 million tons, according to a Reuters survey of institutions and experts.
Source: Reuters