NEWS
Alastair Stewart South America Correspondent
Mon Jul 14, 2014 11:18 AM CDT

Brazil's Soybean Market Firm

Chicago soybean futures may have taken a huge hit over the last month, but Brazilian prices have remained pretty firm.

Beans were quoted at 55.50 Brazilian reals per 60-kilogram bag ($11.55 per bushel) on Friday in Sorriso, Mato Grosso, stable on the week before and just 3% down on one month ago.

Underpinning local prices is demand from abroad and stockpiling at home.

Enquiries from Chinese buyers continue to come in thick and fast. This sustained interest prompted ABIOVE, the Brazilian soybean crushers association, to recently raise its 2014 bean export forecast from 43 million metric ...

Quick View
  • Dealing with Diplodia After the latest spate of wet, cool weather in parts of the Midwest, plant pathologists are urgin...
  • Year-Round Cow Kelly Smith believes fetal programming through good nutrition for dams yields better steers and h...
  • Russ' Vintage Iron DTN staff reporter Russ Quinn takes a look at farm life nearly a century ago.
  • Cash Will Be King Years of $6-and-up corn couldn't last forever. Some proactive grain farmers are bolstering their ...
  • CWA Rule Pressure The Pennsylvania Department of Environmental Protection has asked the federal EPA to withdraw the...
  • COOL Appeal Likely in 2015 Agriculture Secretary Tom Vilsack said the U.S. might not file an appeal of the country-of-origin...
  • Ask the Taxman by Andy Biebl Readers ask if they can offset futures losses against cattle income, roll hedges forward tax-free...
  • Ranch Hands Two families take different approaches to building income from trail rides, roundups and real-lif...
  • Ask the Vet Why isn't my flea and tick control for dogs working?
Related News Stories
Brazil Soy Farmers Monitoring Market
South America Calling
Brazil Soy Planting Still Sluggish
South America Calling
Rain Restarts Brazil Soy Planting
South America Calling
Brazil Soy Crop Just 10% Planted
Dryness Delays Mato Grosso Soy