Cargillís Brazil unit stores corn outside silo as harvesting gathers pace

 

By Ana Mano, Reuters

via WTVB (MI) - Jun 22, 2022

 

SAO PAULO (Reuters) Ė At least one unit of U.S. grain trader Cargill in Brazilís Mato Grosso state is storing corn in open air outside silos, according to images posted on Twitter on Wednesday, reflecting the rapid pace of harvesting this season.

 

Footage of the corn, which resembles dunes of sand or a series of yellow pyramids, shows the product sitting outside Cargillís Boa EsperanÁa facility, close to the town of Sorriso.

 

Cargill said in a statement to Reuters that storing corn in open areas is a common practice, which may be done in regions where there is no significant rainfall, such as Mato Grosso.

 

The images, shot by a farmer in the area, suggest Brazil is poised to reap a large second corn crop after a bad 2021. They also highlight historic logistics woes.

 

An estimated 21,000 tonnes of corn is sitting outside the Cargill unit, Eduardo Vanin, a soybean analyst at Agrinvest, told Reuters. He cited a local producerís estimate and posted the images of the corn on his own Twitter feed.

 

An additional 12,000 tonnes were expected to arrive in coming days, Vanin quoted local contacts as saying...

 

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