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South central Minnesota | Also, there have been reports of congestion at Brazilian ports causing bottlenecks. Taiwan is turning to the US to partly meet its corn demand after congestion at Brazilian ports delayed shipment of at least 420,000 MT. Also, last week Japanese importers said more than 900,000 MT of corn from Brazil had been delayed due to the congestion. All in all, export prices in Brazil have soared about 17% over the past month coupled with the congestion could mean the US should be more competitive soon. Argentine exporters have stopped offering corn for sale until at least March or April too. | |
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Looks like the world is happy to fill exports that US has lost
