Friday, May 26, 2017
Soybeans, Corn, Corruption
By Eduardo Paim:
We have the soybean harvest finished in Brazil, it is certain that the production is record in all the states. With the accusations of corruption of the Brazilian government we had a sudden rise of the dollar and this caused the sale of soybean in large productions. Last Thursday of last week. High stocks on farms are still a concern for all farmers, today our prices depend on the Chicago Stock Exchange and corruption scandals that are always raising the dollar's prices in our country and causing better prices. We know that if the US produces a large crop of soybeans, prices must drop dramatically, that's what we expect for prices. The good thing is that we have a large soybean crop.
Let's start harvesting the corn in 20 or 30 days, the rains were perfect for corn, we will also have a large grain crop in Brazil. The prices are also small with the large production and with the largest cattle slaughterhouses in Brazil involved in the corruption scandals and the uncertainty will be paid to the cattle producers when they deliver their cattle for slaughter. We are living a year complicated with corruption, the strategy is to sell for price that does not harm as quickly as possible, because we do not know what will be the economic destination of the country.