date:Jul 13, 2018
er, said Anec representative Lucas Trindade said.
Brazilian soy bean processors, which turn the crop into cooking oil and animal feed, normally have no need for U.S. soybeans. But soon it may be cheaper for them to import beans grown thousands of miles away in the U.S. Midwest than to buy local crops.
It seems irrational, but there is a possibility if prices in Chicago (futures) approach the $8 level, said Alessandro Reis, head of origination and logistics at CJ Selecta, a soy processor and tr