Brazil-Bound US Soybean Vessel Loading at Gulf Coast Terminal

By Karl Plume

Reuters

A U.S. grain export terminal near Baton Rouge, Louisiana, is loading about 38,000 tonnes of U.S. soybeans on a bulk cargo vessel for shipment to Brazil, according to a Southport Agencies shipping lineup seen by Reuters.

The unusual shipment from the United States, the world's second-largest soybean exporter, to the top supplier of the oilseed comes as Brazil is grappling with rising prices of domestic food staples.

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Avery Davidson