Brazil Proves They Can't Be Go-To Supplier of World Soybeans

May 19, 2017 10:15 AM

As long as the U.S. remains competitive in the global grain market, the world’s picture on U.S. grain demand won’t change, according to Angie Setzer, vice president of Citizens L.L.C.

“Everyone has acted like as soon as Brazil harvested their 111 million metric ton soybean crop that we were suddenly going to see the faucet shut off for U.S. demand and everyone go to Brazil,” said Setzer.

She said as long as the U.S. continues to be a steady supplier with competitive prices, the demand will be continuous.

Hear why she says Brazil will likely see corn prices as low as $1.60 per bushel on AgDay above.

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