Easing of China’s soybean appetite puts Brazil crop growth into question -Braun
Booming soybean demand from China early this century drove extensive crop expansion across the Americas, but while production is set to swell even further in top exporter Brazil, growth in Chinese imports has cooled. That dynamic is seen lifting world soybean stocks to all-time highs by mid-2024, including above-average but not record stocks-to-use, which measures supply against demand. Global soybean prices have fallen significantly in the last few months and are well below the levels of the last two years. But if prices continue their fall, Brazilian farmers may be ...
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