Reuters, 8/16/2012
SAO PAULO, Aug 16 (Reuters) – Grains trader Bunge Ltd has been exporting small quantities of Brazilian corn to the United States this year and could export more if damage to the U.S. crop from drought worsens, vice-president of agribusiness and logistics, Murilo Braz Sant’anna, said on Thursday.
But the executive said he doesn’t expect the current difference between a booming Brazilian crop and the shortfall from drought in the United States will lead to a permanent reordering of the global grain trade, as some analysts have suggested.
“We do not see this as a future strategy: what Brazil exported to the United States was much more symbolic” than a major shift in global corn export flows, Sant’anna said.
