Difficulties in planting corn and soyabeans in the United States are impacting grain prices in Brazil. According to the Center of Advanced Studies in Applied Economics (Cepea), the soyabean bag in Paraná accumulated a high of 10% in May, going from R $ 69 to R $ 77. The director of ARC Mercosul, Matheus Pereira, says that with the problems in the US the corn market is highly favorable for the Brazilian producer and that this is a good time to do business. “Soyabean planting progress is the second worst in United States history. Another important fact that has happened to the quality of the germination is extremely terrible. On the one hand, the Brazilian producer benefiting from this US delay, on the other hand the US producer experiencing the worst beginning of corn harvest in history,” he concludes.
Source: Canal Rural