Brazil's soybean forward sales slowed down in the new year
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Last Update: 2002-08-16
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Source: Internet
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Author: User
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Introduction: according to Brazil's local trade business Thursday, almost all soybeans in Mato Grosso State have been sold, and about 50% of the next year's crops have signed sales contracts But that hasn't changed much in recent weeks According to Franka, an analyst at safras, an agricultural consultancy, farmers' forward sales have slowed in the past few weeks because they want to wait and see how high soybean prices can go By early August, Brazil had sold 26% of its 2002 / 03 soybeans, compared with 6% in the same period in history and 15% in the same period last year, according to safars.
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