The beginning of the maize harvest in Brazil has noticeably fallen off grain prices

2016-06-08 16:03:53
Machine translation
The beginning of the maize harvest in Brazil has noticeably fallen off grain prices

Record-high corn prices in Brazil decreased significantly after the start of the harvesting campaign.

 

Despite the fact that put up for sale while small quantities of maize prices on the domestic market has already decreased to 155-195 $/t 240 $/tone that occurred a few weeks ago. Nevertheless, even after lowering the price of grain remains 2-3 times more than last year, which adversely affects the production volumes of livestock products for the high purchase prices for feed grain.

 

it is Expected that at the end of June the yield of corn in Brazil aktiviziruyutsya, whereby the markets will begin receiving large quantities of grain. However, analysts believe that the price of maize is still not back to the level last year. Firstly, a significant part of the crop suffered due to drought. Secondly, more than 2/3 of the crop sold forward sales transactions for export.