Brazil Soy Farmers Monitoring Market
Alastair Stewart South America Correspondent
Wed Oct 29, 2014 11:20 AM CDT

SAO PAULO, Brazil (DTN) -- The recent run-up in soybean futures and dips in the Brazilian real against the dollar have got Brazilian farmers thinking about selling their 2014-15 crop once again.

Local prices spiked on Monday when the soybean rally coincided with a 3% drop in the Brazilian real, to the lowest level since 2005, on the re-election of President Dilma Rousseff.

"That jump led to some business, but farmers were waiting for further gains before selling large lots," said Steve Cachia, analysts at the Cerealpar brokerage in Parana.

In the event, those gains haven't materialized as the real ...

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