I don't think we're going back to 50 cents a pound. |
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. |
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. |
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. |
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. |
We think it's still valid, this doesn't do anything in the long run to affect our case, I sure hope we'll see Watson Hill in the City of North Charleston, without any controversy surrounding it. |