The fallout from Brazil’s currency collapse is spreading north, as US soybean farmers absorb the impact of Brazil’s newly competitive grain exports. Brazil is the world’s largest exporter of soybeans, and the 15% fall in the real this year has created a significant edge for its farmers in the global market. How will the currency situation impact the US harvest in the fourth quarter? Presented by @cmegroup: https://www.cmegroup.com/openmarkets/agriculture/2024/How-an-Illinois-Farmer-Manages-Agricultural-Risk.html?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insight
Author: Bloomberg Television
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News post in July 31, 2024, 12:04 am.
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