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| It has to come from somewhere, but maybe not from here, at least in the near term. Ship loading in Brazil is now in full swing, three weeks earlier than previous years. Over sixty ships are waiting to load, three ships pulled up to the docks today in Santos alone.
You forget something, soybeans in Brazil are now the same price or less than here, not like last year where they were paying a $2 premium. Brazil may not have the crop they expected but they've still got plenty of beans and they aren't waiting for you to settle your differences with China,
Maybe by next August the world will be looking for beans but by then the US will have an extra 700 million bushel to deal with. The only answer is to cut soybean acres by 14 million. | |
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AgRural Cut's Brazilian Soy crop 4.4 mmt's.
