Last year, Brazilian soybeans were able to compete against  U.S. origin through December, and even January showed some exports. That will not be the case this year, and there are several reasons that combine to restrict Brazil’s exports in the second half of 2016. Soybeans The South American soybean market has been terribly slow these past few weeks. Most of the buying activity has occurred in North America, especially the Pacific Northwest (PNW) where Chinese buyers have been covering their needs with CNF purchases. One key reason for the sluggish pace is that Brazil is sold out of beans. The country’s last cargo was traded CNF from there last week for September shipment, and no more are available, at least not at competitive levels...

TAGS – Feed Grains, Soy & Oilseeds, Wheat, Asia, North America, South America