US soybeans being loaded in Louisiana for Brazil

A U.S. grain export terminal near Baton Rouge, Louisiana, is loading about 38,000 tons of U.S. soybeans on a bulk cargo vessel for shipment to Brazil, according to Southport Agencies shipping lineup.

Brazil is the world’s top exporter of soybeans, so it almost never needs imports. This year, growers have sold huge volumes to top importer China, leaving little for domestic consumption. That has led to price rises for feed for animal farming and meatpacking operations in Brazil, and contributed to food inflation.


Via Merco Press

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