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Business / Finance / Markets / Money

“Spreads between U.S. & Brazil Soybean Export Prices Widen to a Record”

“Spreads between U.S. & Brazil Soybean Export Prices Widen to a Record”

That’s the caption to this graph:


Source: Polansek/Reuters.

Contrast with this comment posted yesterday:

Soybeans are fungible. Actually most oilmeals are fungible. It’s a big world, and US crops will find a market.
Brazil et al are not going to increase production at these price levels.

Truly, the triump of faith over trade theory.

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