SAO PAULO, Brazil (DTN) -- Brazil's soybean harvest has barely started and the ships are already lining up at ports.
As many as 126 vessels were scheduled to load 6.2 million metric tons (mmt) of soybeans and corn, according to Unimar Agenciamentos Maritimos Ltda., Bloomberg reported. That's well up from 72 ships carrying 2.8 mmt at the same time last year.
Brazil is set to produce a record soybean crop of as high as 85 mmt this season, up 27% on the year before. This jump is expected to put enormous pressure on Brazil's overstretched ports.
As a result, delays ...