🌎🚜 The Northeastern expansion region of Brazil is massive — and farmers are lining up to plant! 🌱🇧🇷 Over the last decade, Brazil’s soybean output has surged 80%, transforming global markets. 🌾📈 👉 Want to stay up to date on what’s happening across South America? Type NEWS and I’ll send you the link to follow our weekly agri-market newsletter. 💡📰 #BrazilAg #Soybeans #Agriculture #FarmingNews #AgriBusiness #Commodities #SouthAmerica | Santos Springs
🌎🚜 The Northeastern expansion region of Brazil is massive — and farmer…
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Brazil's Rio Grande do Sul is expected to break its soybean harvest record this season, offsetting losses in the drought-affected center-west region. The state will produce 68% more soybeans than last year, according to estimates https://reut.rs/3UfklUd | Reuters
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Minnesota soybean farmers can usually count on big paychecks about this season, but this year, they’re deep in the red because they’ve lost their biggest buyer to trade wars. China usually buys $12-$13 billion in American soybeans each year, but it's now buying from Argentina and Brazil instead. In the short term, most Minnesota soybean farmers will harvest their crops and either sell them at a loss or pay to store them, or a little of both. But they can only last so long with income at or near
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