# Importers buy U.S. corn at record rate as drought tightens LatAm supplies

> Argentina's deepening drought and limited corn supplies in Brazil have led importers to buy U.S. corn at a record pace. The United States holds the largest available export surplus among major suppliers.

- Date: 2018-03-15 · published 2018-03-15T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/11425-importers-buy-u-s-corn-at-record-rate-as-drought-tightens-latam-supplies
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Losing South American export supply shifts demand to US corn, supporting US corn prices and export flows. Tight South American supplies strengthen the export outlook for US corn and reduce competition for buyers.

## Read by commodity

- CORN: bullish ▲
- DDGS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-04-27 | [Corn hits fresh near 8-year high as global supplies tighten](https://feedsoft.ai/events/9398-corn-hits-fresh-near-8-year-high-as-global-supplies-tighten.md) | +4.7% | -1.2% |
| CORN | 2024-02-15 | [Drought raises Mexico’s corn import outlook \| World Grain](https://feedsoft.ai/events/31645-drought-raises-mexico-s-corn-import-outlook-world-grain.md) | +0.3% | +4.4% |
| CORN | 2023-10-19 | [Late-Summer Drought Brings Lower Corn Yield](https://feedsoft.ai/events/13237-late-summer-drought-brings-lower-corn-yield.md) | +1.0% | -2.6% |
| CORN | 2021-05-04 | [Corn Climbs Toward $7 as Brazil Drought Adds to Supply Woes - Bloomberg](https://feedsoft.ai/events/47114-corn-climbs-toward-7-as-brazil-drought-adds-to-supply-woes-bloomberg.md) | +1.5% | -5.8% |
| CORN | 2023-12-18 | [Brazilian farmers slow fertilizer buys as drought dampens corn-planting plans \| Reuters](https://feedsoft.ai/events/13602-brazilian-farmers-slow-fertilizer-buys-as-drought-dampens-corn-planting-plans.md) | -1.5% | -3.8% |

## Sources

- reuters.com: https://www.reuters.com/article/us-usa-corn-exports/importers-buy-u-s-corn-at-record-rate-as-drought-tightens-latam-supplies-idUSKCN1GR3HK/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.