A Brazilian soybean shortage has flipped the seasonal marketing pattern upside down.
DTN lead analyst Todd Hultman tells Brownfield the soybean market is challenging its highs for the year when it normally bottoms out going into harvest.
“Typically Brazil has plenty of soybean supplies coming off a big harvest as they had earlier this year, and we would expect them to keep exporting at least deeply into the fall. But that wasn’t the case.