date:Mar 26, 2013
The current 60-plus day backlog of soybeans at ports in Brazil is about twice as severe as usual and reflects the record large soybean crop being readied for export in South America, said Paul Meyers, vice-president of commodity analysis, Foresight Commodity Services.
Thirty days is not unusual, Mr. Meyers said, but the record soybean crop has meant much longer delays.
In its latest World Agricultural Supply and Demand Estimates, the U.S. Department of Agriculture projected 2012-13 Brazilian