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Brazil.... sells corn cheap
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JonSCKs
Posted 5/1/2015 06:55 (#4546580 - in reply to #4546568)
Subject: What are we going to use to replace all this sorghum we're selling china?


Sorghum exports have doubled.. and they have pulled sorghum out of the feed rations to send to China.. Thus we're using more corn to feed.

The hedged inventory has been hit hard here..  Ground piles are gone.. and the elevators are probably getting tight on inventory of corn.

Basis is going higher.. 

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