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South American grain export competition rising

A University of Missouri ag economist says better than expected crop production out of South America is pushing the market lower, but there could be longer term implications.

Ben Brown said solid production despite adversity might be a signal of things to come.

“If this corn crop in South America faced everything it did this year and they’re still going to get a decent crop, not a record, but a decent crop, does that encourage Brazil producers to plant even more corn next year,” he said.

South American grain export competition rising