Tuesday, April 7, 2015

Soybean expansion continues - Dollar trumps CBOT

I am standing in 2nd year soybean field from pasture in NW Goias state.
This, historically, is pasture region in Brazil.
Rumor has it that one land owner on Mato Grosso side of river will prep 12,000 acres of pasture for soybeans in the coming months to be ready for November planting.
They let 16 and 18 dollar soybeans slide.
But dollar 3:1, let us plant soy !!!!
In the battle between soybean farmers and cowboys, the soybean farmers seem to be winning round ONE.

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