# Brazil’s Soybean Farmers Are Betting on La Nina to Boost Profits - DatamarNews

> Brazilian soybean farmers are holding back forward sales, betting that La Nina will cause drought losses in southern Brazil and Argentina. Low storage capacity may force heavy spot selling when harvest picks up in December.

- Date: 2022-10-26 · published 2022-10-26T12:00:00.000Z
- Category: market · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/13695-brazil-s-soybean-farmers-are-betting-on-la-nina-to-boost-profits-datamarnews
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Farmer hoarding supports futures prices in the near term, but a large harvest with limited storage could push spot prices lower at harvest, benefiting buyers.

## Read by commodity

- SOY: neutral

## Sources

- datamarnews.com: https://datamarnews.com/noticias/brazils-soybean-farmers-are-betting-on-la-nina-to-boost-profits/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.