June 9, 2009
Brazilian 2009-10 soy crop to benefit from higher demand
The Brazilian 2009-10 soy crop is seen to benefit from increased demand for soy, US' low stockpiles and a reduction and delay in the Argentine crop.
Analyst Flavio Roberto de Franca Junior said there is growing domestic demand for biodiesel and Brazils falling stockpiles.
However, Franca has also pointed out weak domestic demand for soymeal and climate problems, such as a recent 20-percent drop in the West of Bahia's crop due to heavy rains.
