Salient to Investors:
Rising supply from Brazil potentially hurts demand for US beans.
Rabobank Intl said Brazil will displace the US as the largest soybean grower this year and may extend that lead as planting is expanded to meet increased demand from China, the biggest buyer. Jasper van Schaik at Rabobank said Brazil’s share of China’s imports has jumped 10-fold since 2000.
Production in Brazil is up 53 percent in the past decade versus 7 percent in the US. Brazil bans foreigners from owning land.