Brazil Crop Outlook - 2

Brazil's Soy Market Bursts Into Life

Many Brazilian farmers across the Cerrado have made good money over the last five years. But most of these funds have been plowed back into the business, either with the purchase of land or equipment. With margins tight and credit short, many are now finding it tougher to make payments. (Photo courtesy of Rabo Agrifinance)
Many Brazilian farmers across the Cerrado have made good money over the last five years. But most of these funds have been plowed back into the business, either with the purchase of land or equipment. With margins tight and credit short, many are now finding it tougher to make payments. (Photo courtesy of Rabo Agrifinance)
Brazilian farmers bought a record number of forward contracts in June and July, taking advantage of spiking local prices due the devaluation of the real and seeking finance alternatives amid a credit crunch.

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