Soybean Prices: The Impact of Record Harvest and Crash Forecasts
The agricultural industry faces significant challenges with the recent drop in soybean prices, one of the pillars of Brazilian agribusiness. The prospect of a record harvest in southern Brazil, combined with the expected increase in soybean production in the United States, is putting downward pressure on prices. This situation is highlighted by experts, such as Carlos Cogo, who predict a trajectory towards 11 dollars per bushel.