South American Real Estate News
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Soybean becomes Uruguay’s leading export item, displacing beef for the first time

          Lately historically high prices and a strong international financial speculation have moved actively into the soybeans market. Only back in 2008 were prices so strong and the market so bullish. In Uruguay 30% of the crop has been harvested with yields higher than expected (above 2.000 kilos per hectare) leaving behind fears about the effects of an early drought which was compensated with late rains. “Behind these very historically high prices there is a strong financial…