Markets

Brazil forward sales of 2020/21 soy crop hit 30pc

The dollar's strength against the Brazilian real is spurring farmers to sell grains earlier, Safras analysts said o
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  • The dollar's strength against the Brazilian real is spurring farmers to sell grains earlier, Safras analysts said on a video conference.

The dollar's strength against the Brazilian real is spurring farmers to sell grains earlier, Safras analysts said on a video conference. In a normal year, only about 30% has been pre-sold by the time the season starts in September, Safras consultant Luiz Fernando Roque said.