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Bunge leads bean peak season as Brazil faces La Niña, tougher China competition

Ags - Grains/Beans 275 Brazil 364 China 2797 Consumer Staples 695 Trade Deals 950 U.S. 4995

The Brazilian soybean planting season is 90% complete as of Dec. 3 according to S&P Global Platts after a later-than-usual start. On top of late planting and a La Niña weather system, Brazil’s exporters face competition in the Chinese market from U.S. sales that form part of the phase 1 trade deal. Brazilian soybean exports dipped 51.0% year over year in the off-peak month of October after rising by 31.7% year over year during the peak February to September period. The fastest rate of expansion during peak season was in shipments linked to Bunge which climbed 39.0% year over year, follow...

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