date:Nov 12, 2012
two months to get loaded in Brazilian ports due to heavy congestion and competition for berths with other commodities, said an importer in Tokyo.
Another trader said some compound feed manufacturers have made emergency purchases of U.S. corn to cover their needs, adding that deliveries of many October-December shipments will spill the next quarter.
U.S. corn is being offered around $355-$365/ton, cost and freight, for January-March shipment, the traders said.
According to industry estimates,