Brazil is not gonna have the corn to export that was promised two or three months ago.
They are on the shortest days and longest nights of the year in southern Brazil and it is freezing down there on one month late planted, drought ravaged, immature corn. Most corn in the southern areas had been lowered to a fifty bu yield before this.
Quite a few sell it before you plant it farmers down there are going to get an expensive education.
They are not gonna find 35 to 45 million metric tons to export over and beyond their domestic needs.
BA is absolutely right, a short crop here will suffice to keep prices stable. A disaster under 13 billion bu crop will most likely have world wide repercussions.
Enjoy these prices while they are here and hope you're area blessed with adequate weather to raise a crop.
