|
SD/ND/FL | The soybean crop that's being planted in Brazil is estimated to being 47% forward contracted. That seems very very high compared to typical pre-harvest forward sales in the US. I don't have any hard numbers but I'd find it hard to believe that the US farmer forward contracts more than 20% prior to planting. It's my understanding that crop insurance is very limited in Brazil as well. Why is the Brazilian farmer more willing to forward contract?
Here's the story: http://www.soybeansandcorn.com/news/Oct24_12-Brazils-201213-Soy-Cro... | |
|
Why is forward selling more common in Brazil?
