Friday, July 25, 2014

Early season rains in Cerrado

It´s raining !!!!!

Why?

Normally this time of year is hot and dry. Last night it rained on and off all night.
I am not complaining but simply making the observation that I have never experienced this
the past 13+ years.

It is making cotton harvest difficult in Mato Grosso. Sugarcane harvest is being delayed in
Sao Paulo and Goias.

I am watching the evolution of cashflows in Argentina and Brazil for 2015.
Many dynamics factors come into play.

Currency FX, inflation, pre-paid inputs verses projected new crop cashflow,
trade ratio in sacs, possible changes in export tax rates and what does that mean
for Argentine gov´t?, machinery sales on the decline,  Presidential election and possible
changes in cabinet,  what next?

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