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Heart of Illinois | http://softagintelligence.com/wp-content/uploads/2017/03/BRAZIL-COR...
These are Brazil's top destinations for their corn.
It is my understanding that Brazilian corn is still cheaper than US corn on a delivered price to those destinations.
So yes lower prices will bring on demand, but that demand still goes to the person with the lowest price.
A shift between the US and Brazil on currency is the way that we can shift that demand up to the US.
Does anyone have prices on what US corn is to Vietnam vs what Brazilian corn is to Vietnam? or Japan or S. Korea
Edited by Stark co 9/16/2017 09:00
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Cheaper corn.
