Loading…
Brazilian soybean farmers are hoarding their record crop, expected to exceed 110 million tonnes, hoping prices will recover. Domestic prices at Paranagua fell to 64 reais per 60-kg bag, more than 30 percent below the June record high.
Reduced farmer selling slows port flows and tightens near-term export availability, but analysts warn that the hoarding strategy could backfire if prices keep falling, adding downside risk to soybean and meal values.
reuters.comGustavo BonatoApr 11, 2017Not 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.
