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Argus discusses Brazilian farmers selling soybeans and corn at a historically slow pace since the 2022-23 season, expecting prices to keep rising while global oversupply pressured them lower. The podcast previews the 2023-24 crop estimates, the 2024-25 outlook and demand expectations.
Slow farmer selling tightens near-term Brazilian supply and can support export prices, but persistent global oversupply limits upside for buyers planning feed purchases.
argusmedia.comJul 26, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
