Supply Chain Research

U.S. corn farmers face a threat to their export markets from cheaper supplies originating in Brazil, according to the USDA. That comes as farmers are already suffering from retaliatory duties by both the EU and China. Competition may also offset potential gains in exports to China from a recent WTO ruling. A strong harvest would represent a turnaround for Brazilian exporters which saw a 26.8% slump in the 12 months to Feb. 28. The grain merchants that could see increased volumes are led by Bunge, which represented 19.5% of exports, ahead of Marubeni’s Gavilon and Olam International.