Special thanks to Eduardo tonight. Weather here has me at loss for words. Dave
By Eduardo Paim:
Here in Mato Grosso it was predicted to rain yesterday (30.06.13), it
was predicted rainfall of 20mm, but we had more rain in the state, with
some cities having rains of 40mm. This rain helped some producers who still had growing corn grain filling. Before the rain 5/30/13 we had 60% of the corn
crop in good condition, we now have 85% of corn in good condition and
15% needs more rain. Before this day's rain 30 production was
estimated at 75 bags of maize per HA on average, now the producers
believe will harvest 90 bags on average, even if it does not rain
anymore.
Soybean prices have improved a lot here at the end of
last week the price Rondonópolis-MT was U $ 27.60 U $ 28.20 and today.
In addition to offering small soy dollar rose from R $ (Brazilian real)
2.05 to £ 2.13 (today), the government stopped holding the interest and
stopped containing inflation in Brazil, the high dollar here in Brazil
helped greatly in prices of soybeans and corn also. The price of corn
was second in U $ 7.00 and U.S. $ 7.50 per day bag.
The
problem here is that many producers have the dollar bills and receiving
payments on Tuesday (06.25.13) to R $ 2.05 dollar today will pay their
bills with dollar of R $ 2.13, so if the producer had to pay U $
100,000.00 x = R $ 2.05 R $ 205,000.00 today it would pay U $ 100,000.00
x 2.13 = R $ 213,000.00, loss of R $ 8,000.00 or $ 3755.86.
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