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.
mark guildenzoph 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.
Eric Artman 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.
Future of Brazil's corn production is…
By: Luis Vieira02/17/2014 @ 12:11pm
Odacir Klein, a two-time Agriculture Secretary of the Brazilian state of Rio Grande do Sul and…
Argentina building 'wall of…
By: Luis Vieira02/03/2014 @ 8:01am
Argentine government officials recently announced major changes with regard to currency that may…
Interview: Challenges for Brazilian farmers
By: Luis Vieira01/21/2014 @ 11:14am
(PORTO ALEGRE, Brazil) Agriculture.com--Kátia Abreu once was listed among the top 100 most…