Cargill estimates Brazil to export 5 million tonnes of corn in Aug.

A Brazil Cargill executive estimated that the country will have exported 5 million tonnes of corn in August, with the U.S. based agriculture firm accounting for a large share of the trade. Brazil is expected to export 35 million tonnes of corn this year, higher than a 28-million-tonne forecast by the government and above industry group Anec’s 30-million-tonne projection. Brazil is set to account for 50 percent of global corn exports between this August and January next year, Paulo Sousa, the head of Cargill’s local grains and oilseeds unit.