After a precarious start to planting, Brazil’s annual soybean crop may be on track for a trendline yield. Farmers are playing catchup after receiving only half the rainfall forecast for the past 60 days, while planting pace has lagged at 50% of the historical average. Given that Brazil typically accounts for 40% of annual global soybean production, should investors be factoring in a weather premium? Presented by @cmegroup: https://www.cmegroup.com/openmarkets/quicktake-by-bloomberg.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 October 23, 2024, 12:06 am.
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