Brazilian Beans’ Perfect Storm Could Swamp Louis Dreyfus, Bunge — Panjiva
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Brazilian Beans’ Perfect Storm Could Swamp Louis Dreyfus, Bunge

Ags - Grains/Beans 318 Brazil 416 China 3053 Consumer Staples 807 European Union 882 Tariffs 1870 U.S. 5404

The European Commission has approved the use of U.S. soybeans in the production of biofuels, a move that could help improve relations ahead of forthcoming trade talks with the U.S. EU imports of soybeans from the U.S. had already surged 37.3% higher in the 12 months to Nov. 30 compared to a year earlier while Brazil’s only increased 12.9%. Brazilian farmers also face dryer-than-normal weather and so may see less production next season. Should China – which took 75.9% of Brazilian beans in the past 12 months – cut tariffs on imports from the U.S. and should swine fever cont...

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