Global events likely to increase export demand for US corn

A global trade expert says the war in Ukraine and drought in South America will likely ramp up demand for US corn this year.

Gregg Doud with Aimpoint Research tells Brownfield of the top five corn producing countries, the US now has the best supply and availability.

“Between Brazil, Argentina, Ukraine, and the US, that is about 90% of the corn on the world market being exported. So, when you have drought in Brazil and Argentina and the problem in Ukraine, really the only other place to get corn loaded on a boat to go somewhere is the United States.”

He says much of the demand will come from China as they continue to rebuild their hog herd following African Swine Fever.

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