Brazil’s equivalent of the USDA has raised its already record projections for that nation’s corn and soybean crops.

Brazil is already back to dominating the soybean export market because of the price advantage over the U.S. due to the very tight U.S. supply and while there are concerns about yield in Brazil’s second crop due to some planting delays, Brazil will resume its role as a significant exporter of corn once that crop is harvested.

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