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Brazil-Bound U.S. Soybeans Loading at Gulf Coast Terminal

Unusual shipment comes as Brazil is grappling with rising prices of domestic food staples

Container 2539942 1920

A grain export terminal near Baton Rouge, LA, is loading about 38,000 tonnes of U.S. soybeans on a bulk cargo vessel for shipment to Brazil, according to a Southport Agencies shipping lineup seen by Reuters.

The unusual shipment from the United States, the worldโ€™s second-largest soybean exporter, to the top supplier of the oilseed comes as Brazil is grappling with rising prices of domestic food staples.

The vessel Discoverer arrived at the Louis Dreyfus Port Allen, LA, terminal along the Mississippi River on Monday morning, according to Refinitiv Eikon vessel data.

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