NEWS
More Brazil Corn Exports
Wed Jan 9, 2013 11:40 AM CST

RIO DE JANEIRO (Dow Jones) -- Brazilian crop agency Conab made only small changes Wednesday to its forecasted production of key grains such as soybeans and corn, though it further raised its outlook for corn exports from last year's crop.

Conab said Brazil's outgoing shipments of corn during the 2011-12 marketing year, which ends Feb. 28, should reach a record 21.5 million metric tons, against last month's forecast of 20.5 million tons. Farmers have been exporting corn at an unprecedented clip in recent months following last year's record crop, as high prices lure them to the international market.

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