From a usda report on brazil
Brazil likely will seek non-Mercosul wheat from the United States, Canada, and Russia. Canada and the United States are well-situated to be the main suppliers. The Canadians are very aggressive this year given that its crop in 2008 was quite large and of high quality. Industry sources noted rates as low as $245-$270CNF (market prices are closer to $265-275).
Brazil likely will seek non-Mercosul wheat from the United States, Canada, and Russia. Canada and the United States are well-situated to be the main suppliers. The Canadians are very aggressive this year given that its crop in 2008 was quite large and of high quality. Industry sources noted rates as low as $245-$270CNF (market prices are closer to $265-275).
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