date:Apr 07, 2016
Brazil, said analyst Dr Michael Cordonnier.
The corn supplies in southern Brazil are so tight that some domestic corn prices in the state of Sao Paulo have reached as high as R$53 per sack of 60 kilogrammes or approximately US$ 6.50 per bushel, Dr Cordonnier said.
And with the main second-crop harvest still months away, and concentrated in central Brazil, away from the southern livestock areas, producers have turned to supplies from Argentina and Paraguay.
May corn futures ended up at $3.56