A rising demand for ethanol in the U.S., where it is mostly made from corn, should take some U.S. corn out of the global market, the firms say.
From the 2006-07 crop, Brazil is expected to export about 3.7 million metric tons of corn. That number is down from more than 5 million tons in 2004-05 because of lower local commodity prices.
Corn is Brazil's second-largest crop, but the U.S. and China have far larger production totals. Weather permitting,