date:May 27, 2016
rts, said independent analyst Carlos Cogo.
The real has also strengthened from its all-time low of 4.15 to the dollar in January to 3.58 on Tuesday, which takes some of the wind out of export sales.
A 60-kg bag reached a record on the domestic market of 52.61 reais on Friday, according to price discovery agency Cepea/Esalq. That equates to a port price of $250 a tonne.
The price of Argentine corn at port is $165-$170/t and U.S. Gulf port corn is $175-$180/t, according to analyst Aedson Pereir