Brazil Sells Soybeans to U.S. in Rare Move
According to a Reuters report, Brazil, the world’s largest soybean supplier, is exporting 178,800 tons of soybeans to buyers in the United States.
According to Reuters, "Three vessels loaded with Brazilian soybeans will leave ports in the northern part of the South American nation between June 4 and June 11. Two others departed Brazilian ports last week."
The purchases demonstrate Brazil’s increasing reputation as an agriculture exporter; the country has transcended the United States in soy and corn exports.
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