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Brazil exporting more corn and ethanol

Brazil is stepping-up to fill a void left by the U.S. on the global corn and ethanol market. Reuters reports Brazil exported 3.66 million metric tons of corn in October, up from 3.14 million in September and 1.52 million a year ago.

Shipments are expected to hit 17 million metric tons this year; Brazil’s corn crop was a record last year at nearly 73 million metric tons.

Brazilian ethanol exports reached 492.2 million liters (130 million gallons) in October, up from the 452.7 million liters (119.5 mil gal) in September and 247 million liters (65 mil gal) in October a year ago.

Raw sugar exports also hit a record last month.

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