Crop Traders Reap a Bonanza From Brazilian Soy Harvest

Archer-Daniels-Midland and Bunge posted second-quarter earnings that blew past the most bullish estimates.

Combine harvesters crop soybeans in Mato Grosso, Brazil.
Photographer: Yasuyoshi Chiba/AFP

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By Gerson Freitas Jr.

August 4, 2023 at 11:45 AM UTC

Welcome to Energy Daily, our guide to the energy and commodities powering the global economy. Today, Gerson Freitas Jr. examines how Brazil’s record soy harvest is helping commodities traders overcome disappointing production elsewhere. Bloomberg’s Zero podcast talks with author Kim Stanley Robinson about his climate fiction. To get this newsletter in your inbox, sign up here.

Brazil’s record soybean harvest is proving to be a bonanza for US agricultural traders.