SAO PAULO, Brazil (DTN) -- "If we don't plant soybeans, what else do we do?"
That's Pedro Vigolo explaining why he and his neighbors in Sorriso, northern Mato Grosso, will plant the same amount of soy or more in the 2015-16 season. This is despite slumping futures prices in Chicago.
It's the underlying reason why Brazilian soybean area won't fall when planting starts in mid-September.
The area is actually likely to rise, by between 2% and 3%, to over 80 million acres this season. That was far from certain until around six weeks ago, but farmers warmed to the idea ...