The Great Corn Clash Is Coming as U.S., Brazil Farmers Face Off
- Growers collecting bumper harvests will compete for buyers
- Funds added to bullish bets before prices reached 1-month low
A machine creates a pile of corn grain for cattle feed at the Agropecuaria Santa Barbara Xinguara SA Espirito Santo farm in Maraba, Brazil, on Tuesday, Nov. 8, 2016. The Opportunity Fund investment firm's cattle enterprise, AgroSB, is said to own more ranch land -- about 500,000 hectares -- than any other company in Brazil. About 700 people squat on Opportunity’s land demanding ownership and equal land distribution in Brazil's vast interior.
Photographer: Dado Galdieri/BloombergThis article is for subscribers only.
The world’s biggest corn exporters are preparing for a showdown.
Brazilian farmers are in the midst of collecting their biggest corn harvest ever and American supplies are also plentiful -- setting the stage for a stiff battle to win world buyers in the second half of the year.