U.S. Dominance in Corn Exports on the Wane Due to Brazilian Competition

Joana Colussi, Nick Paulson, Joe Janzen and Carl Zulauf

farmdoc daily, 2025, vol. 14, issue 50

Abstract: The historical supremacy of the United States in corn exports is shrinking because of heightened competition in the global market. Brazil is gaining ground, filling gaps in the global corn supply caused by the war in Ukraine, a major corn exporter, and trade tensions between the United States and China. The South American country has enhanced its capacity to compete in export markets by increasing production, improving grain transportation logistics, and boosting trade relations with major importers – most recently reaching an agreement with China on phytosanitary requirements for corn trade. The United States and Brazil account for almost 60% of world corn exports, followed by Argentina and Ukraine, which account for another 30% of international trade in corn. This article examines the last 20 years of Brazilian and American corn exports and provides perspective on acreage and supply in the current crop season in Brazil and the coming 2024 crop season in the United States.

Keywords: Agribusiness; Crop Economics; Crop Yields; Grain Outlook (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:ags:illufd:358556

DOI: 10.22004/ag.econ.358556

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