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


Brazilian Beans’ Perfect Storm Could Swamp Louis Dreyfus, Bunge

Ags - Grains/Beans 162 Brazil 260 China 1758 Cons. Staples - Food/Beverages 395 European Union 406 Tariffs 1169 U.S. 3297

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 continu...

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