What is happening in Brazil This week.

By Eduardo Paim:

Government of Brazil will buy corn to put in stock,  I believe that prices will not improve for this reason ..

Here in Brazil the government will buy corn because it has no stocks, last year the price was good for exports and Brazil ran out of stocks and the people who depend on these stocks did without products such as corn, beans and rice.

There will be buying corn from the GOV. on 27/03/13 for refueling. Stocks mainly NORTH and EAST are very low and many people who rely on public stocks were not accomodated last year for lack of product, this occurred because of the large quantity and product that was exported !

The price will be announced at least 2 days before the auction date, and the amount is 50 million Kg

After price is set, the producer the right to deliver for a price, will have to give guarantee of 5% of the transaction value or a bank guarantee letter.

Delivery 08/04/13 until 08/05/13, after CONAB checked and accepted by the producer will receive within 10 business days.

States to store:

Alagoas, Bahia, Ceará, Espírito Santo, Maranhão, Minas Gerais, Paraíba, Pernambuco, Piauí, Rio Grande do Norte and Sergipe.

 Soybeans were planted early as well, then there was little rain until 12/01/13 to 08/12/12 but this did not hurt production at this stage because the plant was developing, it was beneficial to the further development of roots. The AIBA (Association of Farmers and Irrigators of Bahia) believes that early soy should be between 35 and 40 bags per Ha, the problem occurred in the second Indian summer, when the grain filling (good rains at flowering occurred).

Right now the Western Bahia has had no rain for 30 days and another problem is the attack of caterpillars.