Brazil’s Soybean Problem Creates a Huge Profit Opportunity
Jul 14th, 2008 | By Tom Dyson | Category: Featured, Financial NewsHeavy rains and floods in the Midwest will cut the U.S. soybean harvest by 3 percent and push the farm-gate price to a record $12.75 a bushel, $2.60 more than the 2007 crop, reports Reuters.
This is good news for Brazil.
Brazil is the world’s largest exporter of soybeans. It is also fast becoming the world’s agriculture superpower, says Tom Dyson in DailyWealth. But Brazil’s soy business is heavily reliant on fertilizer - and this opens up a huge profit play…