EC IL | 1234 - 3/27/2017 20:27
Yes, the markets will correct, US corn will become cheaper. That's how it works when demand declines. You obviously haven't been following the Port of Wilmington situation. The poultry interests of the Southeast upgraded that port specifically to provide competition using South American corn. In the end, they only have to unload one or two loads a year just to prove the point and the US suppliers and railroads got the message.
https://www.cato.org/blog/jones-act-strikes-again
https://www.cato.org/publications/commentary/you-higher-prices-enric...
read it!
Edited by neukm 3/28/2017 08:02
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