Soybean Return Outlook News Today : Breaking News, Live Updates & Top Stories | Vimarsana

University of Illinois
farmdoc daily (11):85
farmdoc daily (11):85, Department of Agricultural and Consumer Economics, University of Illinois at
Urbana-Champaign, May 26, 2021. Permalink
Soybeans prices are selling at highs in Brazil because of strong internal and external demand, rising prices on the Chicago Mercantile Exchange, and a weak Brazilian real couple with a strengthening U.S. dollar. Prices have risen at the same time that Brazil, the world’s largest soybean producer, has achieved a new record harvest. The 2020/2021 forecast indicates Brazil will harvest 4.97 billion bushels, 8.5% more soybeans than last season. In addition, Brazil´s soybean exports increased dramatically in the last months, reaching historic highs, including unusual sales to the United States. ....

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