The different treatment of rice vs. corn originates in two factors: (1) Corn growers have more political clout, as the Corn Belt extends from Ohio to Nebraska and is the chief field crop in several states. Rice is not as dominant a crop in states like Texas and Louisiana. (2) Japan has more influence in international affairs than does Brazil. Japanese bankers and investors purchase great quantities of our public and private debt. Brazilians do not.
Any time government exceeds the role of a peacekeeper by regulating and intervening, there will be market distortions and winners and losers.
You mean.......you mean....., it's .....it's all political?
Great points.
I hate McPain being the Repub candidate, but at least he might tell the corn lobby to pipe down. A few more cents per bushel, and they will be on par with OPEC in my opinion of them.