RIO DE JANEIRO, BRAZIL - Brazilian farmers have sold 56.5% of their beans in advance through December 4th, Safras & Mercado, an agribusiness consultancy, said in a statement last Friday, December 4th. Considering Brazil is poised to collect 133.517 million tons of the oilseeds this season, the volume of pre-sold soy amounts to an estimated 75.403 million tons, Safras said.
“There were few deals in November, still, pre sales are well above average,” Safras said.
At this time last season, forward sales of Brazil's most prized export commodity represented 37.8% of the estimated crop, according . . .
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