CropGPT - Soybeans - Week 38
Manage episode 441734481 series 3554013
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Global Soybeans Market Highlights
- Brazil: Soybean imports to reach a 20-year high at 930,000 tons; slight production drop; planting delayed by weather.
- United States: Potential record harvest of 124.8 million tons; exports to increase to 50.3 million tons.
- Argentina: Buying 88,400 tonnes of U.S. soybeans to support domestic processing, leveraging lower U.S. prices.
- Ukraine: Record production of 5.96 million tonnes; expanded planting area but quality concerns due to weather.
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