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Some Don't Believe We Are Hearing The Truth Out Of Brazil
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Posted 2/18/2017 13:56 (#5848108 - in reply to #5847830)
Subject: RE: How's it going to work for them.



Death comes to us all. Life's but a walking shadow
The Brazilian Real is 3.10 to the dollar, last year at this time it was almost 4. Last year, beans were about $9.50/bushel so beans in Brazil were 38 Reals per bushel. This year even with the price at $10.34 they are only 31 Reals per bushel. (I used bushels because I'm too lazy to calculate sacks.) As the harvest continues it's likely to only get worse.
Personally, any North American producer still holding any amount of beans since early January has just been speculating.
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