SAO PAULO, Brazil (DTN) -- Brazil's soybean market went crazy in June and July.
"It was the most intense marketing of the soybean crop in history," said Fernando Muraro, grain analyst at AgRural, a local farm consultancy.
On the face of it, farmers forward sold their 2015-16 crop well, locking in positive margins when most consultants were predicting negative margins for most of the year.
But the surge in business highlights the impact of the credit crunch Brazil is currently suffering and a lack of operating capital among farmers.
Brazilian farmers typically forward sell their next soybean crop soon after ...