Brazil’s import tariff suspension opens the door for U.S. beans to possibly be shipped to South America. Ever Ag market analyst Jenny Wackershauser wonders where those soybeans would come from. “Yet this seems to have fed the bulls with enough of a bullish tone to push us through technical barriers, It re-excited some of the bulls into this market.” Roy E Abbott Futures President Roy Abbott wonders why Brazil would even need to import soybeans. “There’s talk about Brazilians lifting import tariffs on beans, meal, oil and corn. That’s strange, because they’re finishing up on their biggest bean harvest ever. That would imply at some point they may have to import. For some reason, they dropped their import tariffs.”
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