Corn Exports Lose Momentum in September, Widening Gap With 2025

Brazilian corn exports lost momentum over the course of September, once again widening the gap with shipments in the same month last year, according to data released by the Secretariat of Foreign Trade (Secex).

Through the fourth week of September, covering 18 business days, Brazil shipped 4.60 million metric tons of corn. Daily shipments averaged approximately 255,400 metric tons, down 25.7% from the 343,800 metric tons per day recorded in September 2025.

The result marks a deterioration from the beginning of the month. After the first four business days, average daily shipments were 18.1% below last year’s level. In the second reporting period, covering eight business days, the gap had narrowed to 16.7%.

Since then, however, shipments have slowed. Over just the 10 additional business days following the second reporting period, shipments averaged about 230,800 metric tons per day, below the pace seen at the start of September.

The slowdown interrupts, at least for now, the recovery seen after a weak finish to August. Last month, average daily exports ended 32% below August 2025 levels.

The average price continues to cushion some of the impact on revenue. Corn exported in September fetched approximately $238.10 per metric ton, 20% more than in the same month last year.

As a result, average daily revenue has declined less than shipment volumes, falling 10.9% year over year.

Datamar data show that, in the January-June period of 2026, Brazil’s corn export volumes were 0.7% lower than in the same period a year earlier. It is worth noting, however, that most corn exports usually take place in the second half of the year, a pattern expected to repeat in 2026. The chart below shows the overall trajectory of grain shipments:

Corn Exports | Jan 2023 – Jun 2026 | WTMT

Source: DataLiner (click here to request a demo)

The performance keeps attention focused on the pace of Brazil’s corn export program in the final months of the year, particularly after September began with a narrowing gap relative to 2025 before shipments lost momentum again in subsequent weeks.

Source: Notícias Agrícolas

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