How Much U.S. Corn Will Brazil Need
So, this week, Luis Vieria offered up this story about what Brazilian farmers are thinking as they head into a new crop-season.
And my other sources have weighed in on this topic. I thought you might find it interesting, regarding what is being said about Brazil's corn import needs.
Brazil Source says:
"Mato Grosso farmers should, however, increase their safrinha corn planting. Brazilian acreage is seen up 8%-ish in 2017, since corn is in short supply down here these days. Well sorta anyways. According to analyst Brazil should import 1.5 mmt of corn from february/16-january/17 (way less than the 2.5 mill mt initially forecasted), which along with the domestic stocks should be enough for us to get by till the next harvest (summer) gets finished."
What say you?
Re: How Much U.S. Corn Will Brazil Need
Do the Brazilian farmers own a lot of their land or do they rent. Do you think they learned from us that being the highest bidder for land and then having commodity prices tank makes you more than a little cranky?