Although Brazil’s exports Shipments of corn and its byproduct, ethanol, were down by nearly 80 percent in October and November versus a year ago, encouraging results are expected for 2017.
Soybeans fared slightly better in October/November, with exports down two-thirds over the same time frame, although exports of the oilseed do not usually get into their stride until February or March.
With the drought of 2016 mostly in the rear view mirror, record corn and soybean crops are a real possibility heading into 2017. And although Brazil has notoriously faced freight transport and logistics issues at ports in the past, that is much less the case today.
The 2016/17 export season could be one of the smoothest Brazil has seen in recent years.