World Perspectives
feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Soybeans Market Overview Brazilian basis has been dropping due to lack of Chinese demand. Although board crush margins aren’t bad in China, soymeal and soyoil basis levels are not helping crushers hedge their purchases. Basis is responding to the low demand from Chinese hog and poultry producers, among other factors. Brazilian basis dropped from 125K to 115K two weeks ago and is even lower this week. Cheap offers from Argentina are also forcing Brazilian offers lower. In the meantime, there is some shy interest for June and July positions from Brazil, although bids are low. Presently, the market basis is showing a huge discount versus the U.S. basis traded a few weeks ago. Moreover, Brazil has been selling soybeans to non-China de...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

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