AgResource Global Corn Market Discussion
Logistical Bottleneck Hinders Timely Brazilian Corn Shipments: The spread between US Gulf corn and Brazilian origin has widened slighlty – on a fob basis. Brazilian premiums have stagnated. Gulf basis has rallied from $.80 to $1.20 over Dec CBOT amid higher interior transportion costs. Yet, fob spreads have become less reliable in predicting near-term world…