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Grain TV: Brazil Collapse Sends Beans Lower. More Fallout Ahead?

Ernst Undesser
By Grain TV May 18, 2017

Grain TV: Brazil Collapse Sends Beans Lower. More Fallout Ahead?

The collapse in the Brazilian real sent soybeans spinning lower overnight which continued throughout trade today. Export sales were fairly strong for the week, but were overshadowed by the turmoil in Brazil. The drop in the real is likely to result in large selling from Brazilian soybean farmers and a consequent surge in the country’s exports.

Ernst Undesser
By Grain TV May 18, 2017