At least three U.S.-bound cargo ships are preparing to load with soybeans at two ports in Northern Brazil, according to shipping lineup data seen by Reuters. The shipments would be the first bulk soybean shipments from Brazil to the U.S. since last summer and are schedule to arrive in early spring, earlier than normal. “As Brazil has very low prices, we have a difference of around $50 per ton between FOB port prices here and there in the USA. This more than covers the logistical cost of getting Brazilian soy into the U.S.,” Daniele Siqueira, analyst with AgRural, told Reuters.
The vessel Yasa Mimosa is anchored near Santarem port and the vessel UBC Tilbury is anchored near Itacoatiara port, each waiting to load with around 35,000 MT of soybeans bound for the U.S. according to data from shipping agency Cargonave. A third vessel, the Kian, is scheduled to arrive at Itacoatiara next week for loading with around 34,000 MT of soybeans, shipping lineup showed. The shipments would go into the U.S. East Coast.
The charterer of all three vessels was livestock and poultry producer Perdue.
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