The movement of soybeans to port and fertilizer away from Brazilian ports by truck is at a standstill. Soybean and Corn Advisor President Michael Cordonnier says it’s a logistical mess. “The problem now is dispute over the freight rates. When the truckers strike ended, the government agreed to these higher freight rates in Brazil. Immediately, the companies filed lawsuits saying these rates are illegal, they are arbitrary and unconstitutional.” Cordonnier says truck traffic has been at a standstill for about three weeks. “Companies won’t buy grain, because they don’t know what to charge for freight. They’re still loading at the ports. Beans are still coming in by rail and by some trucking, but the incoming grain is way down. The loadings are way down compared to last month.”
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.