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Unexpected winter: transport collapse threatens giants of the grain market
The US grain can become again noncompetitive in the world market. The large harvest of the expiring year appears the reason.
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  • The transport infrastructure of the USA is busy to a limit.  Its capacity doesn't suffice to transfer bumper harvests of corn, wheat and soy.
  • Elevators are overloaded also: the corn harvest, which has appeared 30% more than last year's, practically doubled grain stocks of the USA. Stocks of soy grew by 21%; wheat storages are also overloaded though they were empty a year ago.
  • As a result income of farmers from direct sales of grain in 2013 has to be reduced by 3% in comparison with the last bad harvest year against the expected growth of sales by 15% to 131 billion dollars, mostly due to high prices in animal husbandry.
Источники: Agro2b
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