After a break in the last crop, the second crop of corn is expected to recover in 2018/2019, to 68.5 million tons, according to the projection of May by consultancy INTL FCStone. The estimated volume represents an increase of 27% over the last cycle. This increase would bring final cereal output to 96.8 million tons, the second largest corn crop in history – 19.9% higher than last year’s volume, 80.7 million tons, and stimulate exports. According to the consultancy, it is expected that in 2018/2019, shipments total 32 million tons, an increase of 29.2% compared to the 24.8 million tons of corn exported in the previous cycle.
Source: Canal Rural