31. Soybeans fell amid expectations for a huge Brazilian soybean crop due to favorable growing conditions there. 32. The increase in imports comes on the heels of a record Brazilian soybean crop. 33. While the Brazilian soybean crop had received lush rain since its planting, the region was relatively dry this month. 34. With Brazilian soybean exports more than doubling this year, there is a shortage of oilseeds for domestic use, further encouraging increased planting. 35. After recent rains, the Brazilian soybean crop appears in good shape to produce at least an average yield, traders say. 36. Also hurting the price of futures was increased Brazilian soybean sales in response to the decline in value of the real. 37. Borlaug expects Asia, with its burgeoning population, to buy a lot of Brazilian soybeans, rice, beans, grapes, apples, wheat and other crops. 38. Cutting out loans could slow the Brazilian soybean harvest, which is now in full swing. 39. He said soybean futures weakened on concerns about the looming Brazilian soybean harvest, which will put fresh supplies on the world market. 40. Soybean futures rallied on signs of new export demand and talk that the Brazilian soybean crop is less mature than expected, which would delay the harvest. |
|