CancelPost Comment

mark guildenzoph 11/19/2013 @ 10:52pm Are you kidding me since when is 16million bushel worth 7.4 billion US dollars? I'm no expert, but that is 46+ dollars a bushel. Not much of a problem on the farmers end. Time the markets in our country start reflecting this type of return. However we should all take the hint it is a much cheaper way out to put up additional bins and store it ourselves then settle for these unreasonable prices.

Report Abuse Reply

mark guildenzoph Re: Re: 11/20/2013 @ 7:32pm Thanks for the clarity I see that now didn't look right to me either. Still better regardless, but yes in the park.

Report Abuse

Re: Re: 11/20/2013 @ 12:30am It's not 16 million bushels, it's 16 million tons of beans. It works out to about $460 per ton. At 60 lbs./bu., that's 33.33 bu./ton, and it's a value of $13.80 per bushel. Maybe a little higher than today's Chicago close, but definitely in the ballpark. RTF article.

Report Abuse
MORE FROM LUIS VIEIRA more +

Brazil's corn production drop seen… By: 04/17/2014 @ 9:56am Two of the most prominent Brazilian economists José Roberto Mendonça de Barros and Luiz Carlos…

Brazil's 2014 Corn Output to Shrink By: 04/03/2014 @ 2:55pm The market reacted positively after last week's USDA report, but there is even more news that…

Record Crop Insurance Claims in Brazil By: 03/19/2014 @ 1:34pm Banco do Brasil e Mapfre, a major joint venture of crop insurance in Brazil, revealed this week…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Big Picture: CME Trading Weather