Brazil Truck Strike Sparks Soybean Rally - Your World in Agriculture


Mike McGinnis and Luis Vieira discuss the ramifications of the Brazilian trucker's strike on the soybean harvest in that country. —Transportation companies and independent truckers park rigs in 11 states —High Fuel Prices, Low Freight Rates cause strike —Each state sets its own circulation tax (including diesel fuel) —Mato Grosso BR-163. Over 70% of the state’s grain is transported on this highway. —A continued strike will impact Brazil’s soybean harvest pace and the soybean market. —Brazil’s soybean harvest is 18% completed.

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