Brazilian soybean prices increased greatly as China announced a tariff on U.S. soybeans. Brazilian soybeans are trading at a $1.85 per bushel premium over Chicago and will remain more expensive if China goes through with the tariff. If a tariff is imposed traders will set Brazilian prices at a slight discount of U.S. soybeans plus the 25 percent import tariff. A tariff will most likely result in more expensive soybeans for China even if they source them from South America.
Brazil soybean trading at a premium
Posted by: Information Services
By admin|April 10, 2018|Categories: Corn & Soy Complex|Tags: Brazilian soybeans, Chinese tariffs, United States soybeans|
Go Brasil !!
The price is too cheap still in Chicago. USDA says cost of production 4 years ago was $10.50 USD.