The chief economist with StoneX Group says he was expecting CONAB to lower soybean production estimates and USDA will likely follow later this week.
But Arlan Suderman says even with lower soybean production, Brazil can still produce a good crop. And currently, Brazil’s soybeans are more competitive than U.S. soybeans in the global marketplace.
“Brazil still has plenty of old crop soybeans to ship and their new crop soybeans are priced more than $1 cheaper than U.S.
