date:May 16, 2013
oast would cost about $290 or $295 per tonne. U.S. corn shipped by rail to locations near the East Coast was priced at $300 per tonne or more, trade sources said.
INFLUX WELCOMED
The United States is usually the world's top corn exporter, but outgoing cargos are set to fall to 19 million tonnes this year, their lowest since 1971.
Corn growers from the world's top three producers - the United States, Brazil and Argentina - are in Buenos Aires this week to launch a Western Hemisphere producers'