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US soybeans in high demand as Brazil crop falls short

Soybean buyers stung by puny yields and harvest delays in Brazil are turning to the US for supply, driving up prices and threatening to worsen food inflation. What was expected to be a record crop in Brazil is now looking far smaller as adverse weather events catch traders and end-users shorthanded. More than 110 ships have been chartered to load crops at ports in the Pacific Northwest, said Bill Tierney, chief economist for AgResource Co in Chicago. The rush by physical traders and financial p...
United States Rio Grande Do Sul Etore Baroni Bill Tierney Anderson Soletti Us Commodity Futures Trading Commission

US soybeans in high demand as Brazil crop falls short

Soybean buyers stung by puny yields and harvest delays in Brazil are turning to the US for supply, driving up prices and threatening to worsen food inflation. What was expected to be a record crop in Brazil is now looking far smaller as adverse weather events catch traders and end-users shorthanded. More than 110 ships have been chartered to load crops at ports in the Pacific Northwest, said Bill Tierney, chief economist for AgResource Co in Chicago. The rush by physical traders and financial p...
United States Rio Grande Do Sul Etore Baroni Bill Tierney Anderson Soletti Us Commodity Futures Trading Commission

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