World Perspectives
feed-grains wheat soy-oilseeds

Mercosur Regional Analysis

Corn Brazil Finally, the first vessel loaded with Brazil corn and destined for China will leave the port of Santos this week. The vessel Mv Star Iris is set to load 68,000 MT of corn for COFCO. Many expected Brazil to start shipping corn in 2023, but others expected it to occur in December 2022. This shipment is earlier than anticipated, however, as expensive U.S. Gulf corn precipitated the timing. According to Brazilian government statistics, November might end with about 200 KMT of corn loaded for China. Also, there are rumors that there are trades for another 1 MMT. Buyers have been actively buying for loading in January 2023 and consequently basis levels are rising.  There have also been several trades for new crop corn to non-C...

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