Nov 16, 2010

Brazil Soy Planting Steams Ahead

  Soybean planting moved ahead at a good rate in Brazil last week under favorable weather conditions and attractive prices continued to spur steady forward selling of 2010-2011 crop soybeans by Brazilian producers, according to the Brazilian market consultant Celeres. In a weekly report, Celeres estimated producers planted 16% of their intended soybean acreage last week, pushing planting progress to 61%, ahead of the five-year average of 58% and just behind last year’s pace of 62%....More

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