10 August 2012

BRASIL / COMMODITIES : Record Corn But Lower Soy And Rice Harvest Predicted.


      Crop losses from continuing extreme drought in the USA...are Brasil's gain.
      It has already begun to sell corn to meat processors...and experts estimate a record crop...up 27% from 2011...to 71.5 million tons.
     However... Brasil's soy production will fall 12.2%...and rice will shrink by 14.9%.