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South central Minnesota | Quote" Some farmers improvise with contention barriers with huge bags. A single company in Mato Grosso has over 8,000 tons of corn stocked outdoor. “I don’t have ways to ship it to (the ports of) Paranaguá or Santos. There is only one open window to Paranaguá two month from now”, farmer Jualiano Bertual told TV Globo’s Jornal Nacional.
A scenario of low prices also contribute with the chaos. In the state, the 60kg bag is costing R$ 10,53, which is less than US$ 5. According to Conab, the reference of a price without losses is a minimum of R$ 13 percent. Most farmers intend to wait for a recover of higher prices." | |
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Tera may have been right when he called corn to challenge $6.50
