ADM says late Brazil soy crop to boost US exports

By Reuters
Posted Nov. 2, 2010 at 10:50 a.m.

Late soybean seeding in Brazil due to adverse planting weather will delay the harvest in the key soybean exporting country and bolster U.S. exports of the oilseed, the vice chairman of U.S. agricultural processor Archer Daniels Midland said on Tuesday.

U.S. exports of corn remain competitive in the world market, although some export sales have been lost to competing suppliers, Vice Chairman John Rice said, without identifying the competing exporters.

Demand for ethanol was also strong, including demand for exports of the biofuel, ADM CEO Patricia Woertz said in a conference call.

Read more about the topics in this post: , , , ,

Comments are closed.