date:Jan 18, 2013
Brazil had pretty bad weather. However, the July winter weather proved favorable for crop production in three states (Rio Grande do Sul, Santa Catarina, and Paran). Therefore, it gave Brazil the opportunity to supply world buyers with corn at a lower price than the U.S. and other countries. We set a 'safrinha' corn production record, explained Meneghin.
The 2012 profitability in Brazil has also set a record. Corn prices reached nearly US$ 30 on average for the bushel, while the total corn sale