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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (92772)	7/22/2012 4:49:32 PM
From: elmatador	Respond to of 217588

situation – analogous to Saudi Arabia importing oil. US is turning to Brazil for help with corn supplies as low stocks and the worst drought in half a century haunt the world’s leading grain exporter. The situation – analogous to Saudi Arabia importing oil – underscores how anxious buyers of corn, particularly the livestock, poultry and ethanol industries, have become, as 88 per cent of the domestic crop struggles in drought-hit regions. ELMAT: Complementary economies. Last year Brazil imported ethanol from the US as Sugar cane diverted to sugar production lowered ethanol production. US buyers turn to Brazil for cheap corn By Gregory Meyer in New York and Samantha Pearson in São Paulo Message 28284414 Brazilian corn at its Paranagua port was offered at about $274 per tonne free-on-board (FOB) for September shipments, with an additional freight cost of about $30 per tonne. By comparison, U.S. corn was about $311 per tonne, delivered to Southeast feed operations, trade sources said. in.reuters.com