Brazil to Unseat US as World’s Biggest Corn Exporter, USDA Says

Brazil is set to be the world’s top corn shipper, with surging grain exports to China helping the South American country surpass the US for only the second time ever.

While corn production in the US is more than double that of Brazil’s, mature domestic demand for feed and biofuel is keeping corn in North America even as Brazil boosted its output and sent more supplies to overseas markets. The shift also comes as drought diminishes Argentina’s corn harvest and exports.

Brazil is forecast to export 50 million metric tons of corn in the current season, according to the ...