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Stock impact report

What Drives The U.S.-Brazil Soybean Price Spread? [Seeking Alpha]

CME Group Inc. - Class A (CME) 
Last cme group inc. - class a earnings: 4/29 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.cmegroup.com
Company Research Source: Seeking Alpha
CME Group's Soybean suite – soon to include South American Soybean options* – comprises the plurality of notional value traded among the exchange's agricultural product groups. The USDA's Prospective Plantings report, released March 31, showed that U.S. farmers intend to plant more soybeans than last year. Ganna Zelinska/iStock via Getty Images By Emily Balsamo and Tarso Veloso Last year, Brazilian soybeans at times traded more than $80 per ton below their Chicago counterparts – a discount reflecting abundant South American supplies and logistics bottlenecks. By year-end, that relationship had inverted entirely, with Brazil's prices exceeding Chicago's as tariff headlines and shifting trade flows scrambled traditional export patterns. Brazil and the U.S.: Soybean Growers to the World This flip unfolded against a backdrop of continued Brazilian soybean dominance, with the country holding the title as the world's largest soybean producer after first surpassing the U.S. in t Show less Read more
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