date:May 15, 2012
n as U.S. futures have receded in the past couple of weeks amid mounting worries about the European crisis.
High prices have also encouraged very advanced sales of Brazil's next soybean crop, which won't be harvested until early 2013. Celeres said as much as a quarter of 2012-13 production has been contracted.
Brazil is the world's No. 2 soybean grower, after the U.S. The South American country's main customer for oilseed is China, which purchased 75% of Brazilian soybean exports during April,