Rising diesel prices, Middle East war hit Brazil soybean, corn farmers

Brazilian soybean farmers are feeling the effects of rising diesel prices driven by the war in the Middle East and rising global oil prices, amid the ongoing harvest, multiple Brazilian farmers said. Besides soybeans, farmers are also concerned that the planting of the second corn crop, which is currently underway, will be impacted. Brazil imports about 30% of its diesel requirements, and domesticBrazilian soybean farmers are feeling the effects of rising diesel prices driven by the war in the Middle East and rising global oil prices, amid the ongoing harvest, multiple Brazilian farmers said. Besides soybeans, farmers are also concerned that the planting of the second corn crop, which is currently underway, will be impacted. Brazil imports about 30% of its diesel requirements, and domesticRead More