Brazil farmers vie for soy contract during U.S.-China trade war

Brazil farmers vie for soy contract during U.S.-China trade war

Chamber Articles Category: Agribusiness Post Date: 09/11/18 Source: Reuters (via Laura Randall, NewsLetterOnBrazil) By: Ana Mano
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SAO PAULO (Reuters) - Brazilian farmers said they are seeking support to develop a soybean futures contract that would ease deals between Brazil, the world’s largest soy exporter, and top importer China at a time of heightened U.S.-China trade tensions.

A growing chorus of growers, analysts, bankers and even a U.S. Department of Agriculture economist said it would make sense to establish such a contract to hedge growing risks as Brazil and U.S. soybean prices diverge. Read Full Article