According to statistics released by Secex, Brazil's corn exports continued to lead the same period last year in November. From November 1st to 30th, Brazil's corn export volume was 5.033 million tons, compared to 4.726 million tons in November last year.

Brazil's corn exports in November amounted to 5.033 million tons, a year-on-year increase of 6.5%, indicating an increase in global supply and exerting downward pressure on corn spot prices. Based on recent corn futures data (such as the closing price of the main contract 2601 at 2,261 RMB/ton, down 24 points), the downward trend in futures prices has strengthened bearish expectations and may lead to further weakness in spot and futures prices.

As a derivative product of corn, the increase in corn exports may indirectly affect its production costs, but the article does not directly address corn starch and the direction of the impact is unclear (changes in corn supply may lead to cost fluctuations). There is no clear evidence of positive or negative effects, so the impact on spot prices is neutral.

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