|
Fontanelle, IA | Joe Vaclavik interviewed Ryan Moe of StoneX early last week in subscribers only forum.
Ryan said if you /US Farmers think you have it bad (from grain pricing to fertilizer pricing to operating interest expense, then BRazil farmers are getting double or triple screwed vs. US.
1. Mato Grosso basis during harvest was $2.50 back. Truck your beans the equivalent of Ames, Iowa to Norman, OK….. 14 hours to then wait in line….
2. Interest is 18-20% in Brazil vs. 8-10% in US
3. Currency risk…. Apparently the currency risk is more sizable than the basis risk! | |
|
Brazil production for China
