In Midst of a Supply Squeeze, Brazil Is Shipping Corn to U.S.
- Vessel with 54,000 tons estimated to reach N.C. in mid-August
- Exports were probably booked before squeeze took hold: analyst
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Corn from Brazil is heading to the U.S., the world’s biggest exporter, just as the South American country grapples with a shortfall of the grain.
The vessel, Samsun, is estimated to arrive Aug. 12 at port in Wilmington, North Carolina, an area with many poultry and hog operations, according to a sailing schedule from the state’s port authority. The vessel was booked by Coamo, Brazil’s top growers cooperative, and is expected to be loaded at Paranagua port with 54,000 metric tons of the grain, Williams Brazil analyst Kenya Maciel said by telephone last week.