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A bushel of corn is the same everywhere
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Posted 8/1/2020 08:37 (#8408406 - in reply to #8408308)
Subject: RE: A bushel of corn is the same everywhere

SW Iowa
Is corn priced in China at $8/bu at the port, or $8/bu at some interior, small town, country distributor? I can see it taking $2/bu to get the boat off loaded to a large holding facility, then load out a train for a major interior distribution terminal, then load out truck loads to small distributors within the countryside. I can see it costing the small end user $8/bu then...but the port price should be $6.00/bu without all the transporting, loading, and off loading costs involved.
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