Regional Corn Competitiveness Outlook Through 2030

Report Summary

In the coming ten years, global corn consumption is forecast to rise 25%. Global corn trade is expected to show an even stronger growth, boosted by animal protein production growth, geopolitical tensions, and corn shortages resulting from adverse weather and constraints on acreage and yield gains. Therefore, exported volumes from the main corn producers are also projected to increase. Brazil, Argentina, Ukraine, and the US will benefit the most from this increase in global growth as all have further production potential, and Brazil is well-positioned to take the lead. However, sustainability will be a key topic for the main corn destinations, demanding changes in practices on farms and in the supply chain and impacting corn’s competitiveness in the next decade.