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Rabobank expects Brazil's expanding corn-ethanol industry and growth in animal-protein production to lift domestic corn consumption in 2026, with demand reaching a record. Despite another large 2026/27 crop, increased domestic use and recovering exports are expected to reduce ending stocks and tighten the balance; a stronger real has also weakened export competitiveness.
Rising ethanol and livestock-feed demand, alongside exports, would absorb more Brazilian corn and limit surplus availability, supporting domestic prices. Currency movements remain a key influence on export parity and local price formation.
rabobank.com.brMarcela MariniNov 5, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
