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Corn financial gains will be better than soybeans in Brazil, alerts expert

Contrary to what many farmers might be expecting, the corn results in the next season might be better than soybeans in Brazil. This is according to a study authored by the consultancy Trigo & Farinhas, owned by market analyst Luiz Pacheco. The estimates use data of the Brazilian Agricultural Research Company (Embrapa), Chicago futures and other government agencies to do the projections. It reveals that by May of 2016, a bag of 60 kilograms of soybeans may value R$ 75.41 and the cost would be R$ 75.69. If this forecast is confirmed, it would generate a financial loss of 0.37% in Cascavel, Paraná. In the case of Ijuí, Rio Grande do Sul, another key producing region, the loss would be at 5.11% per bag considering a value of R$ 71.82.

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