Good corn crop in Brazil

By Eduardo Paim:

Here everything continues as before, some growers finished harvesting corn in Mato Grosso and the overall average of the state should be in 110 bags per hectare, we have a lot of corn! In Brazil we have a lot of corn in general, was a good year because the rains stopped in April or May but came up in July, to help a lot in corn yields. With the low price of corn, growers should greatly reduce the area of ​​summer corn be planted starting in December, this should help improve prices internationally. The dollar rose to R $ 2.05 in early July to R$ 2.42 in the last days, that helped a lot soybean prices from R$ 55.00 to R $ 66.00 (R$ 11.00 per bag in our currency). Already the price of corn has not changed, with the great offer price remains at U.S. $ 6.50. The government turned to give subsidy to corn prices only in northern Mato Grosso. Corn growers will wait to sell until January 2014 to see if prices will get better, believe that if there is not a lot of corn planted in December the price will be better! This week with gains on the Chicago exchange and the dollar (R$ 2.42), soybeans rose from R$ 50.00 for Delivery in March to R$ 57.00. According to information the dollar should get the R$ 2.70 until December this year (2013).

The news is that the dollar should get the R $ 2.70 until December this year (2013) here in Brazil.

Our currency is the "REAL" (R$)

I believe that with good weather,  in 50 days we will begin planting in northern Mato Grosso.