Comment by panflute
1 day ago
I don't think international trade is so stable that any shift would imply equal and opposite shifts in trade. For example it looks like Brazil's production is up 5% while China's overall usage may be down 6%.
1 day ago
I don't think international trade is so stable that any shift would imply equal and opposite shifts in trade. For example it looks like Brazil's production is up 5% while China's overall usage may be down 6%.
Do you think China's new demand on Brazil could be handled by Brazil with previously idle capacity?
It'll know however Brazil has been greatly expanding how much farming they've been are able to do in recent years. I wouldn't call that idle capacity because it never was used and it never was intended to be used in previous years but now they're turning what previously was wild land - forests and such into farmland
I think these changes were mostly from earlier factors but will pressure the prices of soybeans in the opposite direction from the wheat shortage which isn't very good (for soy bean farmers) given the risk that higher fertilizer costs isn't adequately reflected at the next harvest time.