Bunge leads Brazilian soybean bounce ahead of container shortage

Ags - Grains/Beans 275 Brazil 364 China 2797 Consumer Staples 695 European Union 733

Dry weather in Brazil and continued growth in Chinese demand has driven soybean prices higher. Brazil’s soybean exports normally peak in the first half of the year. In Q2’20 they rose by 53.9% year over year and by a further 32.5% in August as the weather effect has yet to cut supplies. The availability of containers globally has dropped due to increased global trade during the recovery from pandemic-related industry closures. That may cut the ability of Brazilian bean exporters to get to market. In the three months to Aug. 31, Bunge experienced the fastest rate of growth in Brazilian so...

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