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Soybean buyers stung by a smaller and slower harvest than expected in Brazil are turning to the United States 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, with lower yields and harvest…
Soybean buyers stung by a smaller and slower harvest than expected in Brazil are turning to the U.S. for supply, driving up prices and threatening to worsen food inflation.
Soybean buyers stung by a smaller and slower harvest than expected in Brazil are turning to the U.S. for supply, driving up prices and threatening to worsen food inflation.
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 players has boosted benchmark Chicago futures by 31 percent since early November last year to an eigh...
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 players has boosted benchmark Chicago futures by 31 percent since early November last year to an eigh...