Recent conversations with an associate farming and living in Brazil underscored a number of concerns that will eventually have a negative impact on crop production.I had a lengthy conversation with an associate who has been farming in Brazil for more than 20 years and is now a permanent resident there. This was the second such discussion in the past three weeks. He's a little on edge over the political and economic climate and how it is affecting farmers. Here are some of his talking points:
There is no money in Brazil today. The ongoing currency devaluation is causing economic chaos. The real has devalued 40 percent in the last year. It has become almost impossible for farmers to obtain financing in reals to plant crops that trade in t...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “...
What You Need to Know Today: Grain futures fell hard overnight after the USDA’s Crop Conditions report showed better-than-expected ratings for corn and soybeans, despite difficult weather last week. The Conditions report was even more bearish in light of meaningfully beneficial rains acr...
Key Takeaways: New Mexico’s Clean Transportation Fuel Program expands demand for low-carbon fuels and creates another market for renewable feedstocks, adding incremental pressure to already limited supplies of lower-carbon inputs. Growing competition for waste-based feedstocks such as an...
