According to the U.S. Department of Agriculture’s “Grain: World Markets and Trade” report, quarterly shipments of U.S. corn dropped to the lowest level in two decades as corn shipments from South America, especially Brazil tripled. Reduction of U.S. corn production because of drought conditions drove up prices as South American countries have record or near record supplies. Black Sea corn is competitively priced and is being bought in the traditionally U.S. markets of South Korea and Japan. A lack of wheat from the area will free up ports to easily ship corn. U.S. sales are expected to pick up in the coming months on global demand and constraints of South American infrastructure.