Traders sue Brazilian farmers for defaulting on early sales
BanksPhotos/iStock/Getty Images Farmers may be able to make more money by paying fine in contract and selling the same soybeans on the spot market. Bloomberg | Feb 24, 2021 By Tatiana Freitas Some Brazilian soybean farmers are defaulting on forward sales made months ago when prices were lower, sparking lawsuits and potentially causing financial losses for trading houses. Farmers in the world’s largest producer and exporter of the oilseed have sold the most supply ever in advance this season, boosted by strong demand and a weak Brazilian real. By last July, 40% of t...
Source: farmprogress.com