US Corn Wins Even When It Loses


May 17, 2022 | Agricultural Markets News

Reading time: 1 minute

US Corn in 2022 is less competitive than its LatAm counterparts in Asia as Corn prices are surging to record highs. Indeed, Jun US Corn CFR prices to Japan are ~ 79 $/mt higher than Brazil prices. Nonetheless, the US has the supply advantage, and despite US exports to Japan decreasing from Jan to Apr by ~39% YoY, Brazil suffered a greater loss, losing ~1.56 Mmt (-92.7%) exports YoY. However, while the US is liquidating its current crop, Brazil’s export crop is incoming, and recent showers could save what was meant to be a very good crop.

Japan Corn Imports by Origin Between Jan & Apr: 2022 v. 2021

Japan Corn Imports Between Jan & Apr 2022

 Track Corn Cargos From Argentina, Brazil, and the US to 31 Countries in Asia

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