Export Delays Worrisome For Soybean Market
Oct 27, 2009 3:25 PM, Source: Brock Associates
Some Brazilian soybeans could be available to the world market again by February as harvest is expected to start earlier than ever this year in Brazil’s northern growing areas.
However, pent-up demand from Brazilian processors may limit the movement of early harvested soybeans into the export pipeline, minimizing the competition for U.S. soybeans in early 2010.
"Brazil just won't have that much soy to sell on the international market at that time," says Antonio Sartori, chief trader at Brasoja in Rio Grande do Sul, the No. 3 soy state told Reuters News Service last week.
Editor’s note: Richard Brock, Corn & Soybean Digest's marketing editor, is president of Brock Associates, a farm market advisory firm, and publisher of The Brock Report.
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