Date: November, 2004
Abstract: The 2003/04 crop year was interesting because it started with a sharp increase in ocean freights and the frustration of the American soy crop, which caused a sharp increase in soybean prices at the Chicago Board of Trade (CBOT). This was followed by Asian Rust occurrence, excess rain and drought in various production regions of Brazil, frustrating the crop. Argentina, too, presented a smaller harvest than expected. Logistical chaos was prompted in Brazil by the Port Federal Agents’ strike ...
Research Type: Industry Note