Brazil Soy Shipments Extended Two Months on Ports Backlog

Brazil soybean shipments, which typically are made through May, will be extended at least until July as a record crop from the world’s top producer clogs ports and roads.

“This is totally atypical for this time of the year,” Isis Markarian, an analyst at Santos, Brazil-based consulting company SA Commodities said today in a telephone interview. “Waiting time has exceeded all expectations and I’m sure it made export costs increase a lot,” she said.