NEWS
Brazil Soy Prices Slide
Alastair Stewart South America Correspondent
Mon Aug 25, 2014 07:12 AM CDT

SAO PAULO, Brazil (DTN) -- Brazilian farmers are fretting about the prospects of the upcoming soybean harvest with futures indicating the lowest prices in four years.

"After some good years, 2015 promises to be difficult," said Claudio Jose Escariote, head of the rural association in Sapezal, western Mato Grosso.

But the prospect of tight or non-existent margins won't be enough to stop the momentum of soybeans, the driver behind the impressive growth in Brazilian agriculture over the last decade.

Local analysts believe 2014-15 soybean area will actually grow, by around 4% to about 77 million acres.

"Soy is like a ...

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