South America Calling
Tue May 19, 2015 10:17 AM CDT

Following a busy February and March, the Brazilian soybean market has slowed dramatically over the past two months, despite local prices remaining firm.

As a result, sales of the 2014-15 crop remain well behind last year.

Brazilian farmers had sold just 60% of their beans as of May 4, down 12 percentage points on the five-year average, according to Safras e Mercado, a local grain consultancy. Sales in Mato Grosso totaled 71% down from an average of 83%.

There are a couple of reasons for the slowdown.

Farmers simply don't have to sell so many soybeans after harvesting a record ...

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