IARN — Demand for Brazilian soybeans remains high, despite civil unrest sparked by the government’s handling of the coronavirus pandemic. Ben Kasch, of Bower Trading, offers additional insight.
“They have some ballooning cases, and the president doesn’t seem to care much,” Kasch said. “He was quoted this weekend basically saying, ‘what do you want me to do about it’ on this coronavirus, so there’s a lot of concern. There could be some social unrest between the citizens and government, so things are ramping up. It’s not unheard of to have port strikes and that is something that could be pretty serious going forward here.” Read more