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Market comments - CONAB smarter & smaller than USDA?
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SodbusterIII
Posted 3/13/2024 06:58 (#10663257 - in reply to #10662827)
Subject: Mr Grain It's not that complicated


When the great majority of your Beans are exported and settled in USD then getting more currency reserve's is not inflationary, it helps stabilize one on currency fluctuations. So no higher prices for exportable products is not the inflation boogieman you are claiming.

Edit to add

Brazil's current inflation rate is about 4.5% within that range called for by Brazilian central banks. Don't confuse Brazil with Argentina and don't try and combined the two because they are neighbors.

Edited by SodbusterIII 3/13/2024 07:19
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