Corn prices in Brazil plunged to the lowest since December 2020 as the upcoming winter corn crop, known as safrinha, is forecast to be the biggest crop ever produced by the country at 125 million metric tons. The harvest is expected to vault Brazil above the US as the world’s top exporter of the grain.
(Bloomberg) — Corn prices in Brazil plunged to the lowest since December 2020 as the upcoming winter corn crop, known as safrinha, is forecast to be the biggest crop ever produced by the country at 125 million metric tons. The harvest is expected to vault Brazil above the US as the world’s top exporter of the grain.
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