Wednesday, April 3, 2013

Mato Grosso minimum corn price

With recent sell off in corn and the perfect growing weather
for 2nd crop corn in the Cerrado states, there is more and more
talk that farmers will use the minimum price option currently
set at R$ 13.00 per sac or about US$ 2.95/bushel.
With an average yield, this does not cover cost of production.
We need rains into early May to see this through.

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