Home Commodity News Brazil soy farmers hoard crops, betting prices will rise

Brazil soy farmers hoard crops, betting prices will rise

Brazilian soybean farmers are keeping their crops instead of selling them because they expect prices to rise further as global supplies tighten, according to brokers, buyers and sellers in the world’s largest producer and exporter of the oilseed. Another reason for crop hoarding is the fear the La Nina weather phenomenon could limit the next …

The post Brazil soy farmers hoard crops, betting prices will rise first appeared on Hellenic Shipping News Worldwide. Source

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