Ships Sit Empty for Weeks Waiting for Delayed Brazil Soybeans
- Excessive rains in Mato Grosso add extra time to dry grains
- Wait times to load push to more than 40 days at some key ports
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A backlog of vessels waiting to load soybeans from some Brazilian ports is stretching to near-record lengths as the world’s biggest bean exporter struggles to harvest and ship this season’s crop due to extreme weather.
Following harvest woes and heavy rains that have made it challenging to dry and transport the beans, some boats have now been waiting for more than 40 days for their cargoes. That’s significantly longer than the seven to 15 days that’s typical, resulting in longer lead times, higher premiums and rising costs for buyers.