U.S. corn, soy export sales drop in anticipation of South American competition


U.S. corn and soybean demand may fall in favor of cheaper South American crops.
The U.S. Department of Agriculture said the combined output of soybeans from Brazil and Argentina will increase 35 percent this year. Additionally, their corn output level may rise 9.1 percent.
These bigger crops will give the U.S. industries more competition from South American counterparts.
“Export demand for corn and soybeans is going to slowly erode as buyers turn to cheaper supplies from South America,” said Greg Wagner, AgResource Co.’s senior market analyst in Chicago. “There is a more-than-adequate world supply.”
Corn and soybean futures in the U.S. have been in slow decline for multiple sessions.

Source: Business Week


Author pens how-to guide for business relations in Latin America

Source: Asheville Citizen-Times


U.S. foods embark on intense branding projects to increase sales in Latin America

Source: Chicago Tribune