Jack Scoville
Jack Scoville
closer government helped outgoing prices producers program seen support sure tried
I'm not sure that I've seen a program about how (Lula's) going to support producers -- the outgoing government tried to support them with puts. It helped prices go up to get them closer to the puts.
cents
I don't think we're going back to 50 cents a pound.
flowering further increase month north places seen time
Places further north haven't seen much rain. At flowering time you need to see an increase in rain. A month from now it could be a problem.
affect bets companies deal dramatic people true whether
They do have a dramatic effect. The forecasts, whether they are true or not, will affect the companies that deal in those products. Even if they aren't right, people make bets on these forecasts.
brazil cents few money needs producers
Very few producers can make money at 50 cents a pound. Brazil needs 65 cents and that's still cheap. For most, breakeven is around $1.