Brazil’s corn exports fall 12.5% in October
Brazil exported 5.69 mln tons of corn in October 2026, down 12.46% compared with the same period last year. According to Brazil’s Secretariat of Foreign Trade (Secex), shipments totaled 6.5 mln tons in October 2025. Exports therefore declined by approximately 810 thsd tons, indicating slower shipments from one of the world’s largest corn suppliers.
Lower Brazilian exports could intensify competition among importers for corn from other origins and provide some support to international prices. SunSirs analysts note that reduced shipments from Brazil may strengthen grain prices, particularly in the Chinese market, which responds to changes in global supply.
Against this backdrop, China’s corn futures market is showing signs of price support. As of November 6, 2026, the most actively traded January 2027 corn futures contract (C2701) on the Dalian Commodity Exchange closed at 2,227 yuan/ton. Open interest exceeded 1.22 mln contracts, indicating substantial trading activity.
Developments in the corn market are also affecting the industrial processing sector. Corn is the primary raw material used in corn starch production, meaning higher grain prices directly increase production costs. According to SunSirs, reduced Brazilian shipments could indirectly support spot corn starch prices through higher feedstock costs.
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