U.S. Buys Brazilian Soybeans
At least two vessels carrying a combined 79,150 MT of Brazilian soybeans are heading to the U.S. soon, according to shipping data. A cargo of 46,150 MT will be shipped by charterer Bunge from the port of Itacoatiara on April 25. The CS Satira, chartered by The Andersons, is expected to set sail on April 30 carrying 33,000 MT of Brazilian soybeans from the port of Santarem to the U.S., shipping data from Cargonave showed.
More shipments are likely as Brazilian soybean prices at its ports plunged to around a $2.00 discount to U.S. supplies as exporters try to find buyers for the record crop given tepid Chinese demand.
