PSF: 05_05_2025
Por: Eduardo Vanin
Artigo, Grãos
Publicado em: 11/10/2023 08:23
Brz Markets - Recap: This week Brz Real is being one of the best performing currencies, making the origination even more expensive, for soybean and corn. The farmer selling stale for both. Traders reported for November CFR China out of PNW and 04 cargoes for new crop out of Brz. Premiums Fob in Brz for new crop remain depressed, even though stronger BRL – the flat price in BRL per sack is at the lowest level in two months. For November shipment, Brz is 20-25 cents per bushel more expensive than the USG CFR China. Daily soybean meal sales in China dropped from 1,02 Mi tons to 354 thousand. The soybean meal sales remain well concentrated for May to Sep window.
Soybean Paper MKT – Oct 10th
Nov ?? vs +20sx
Feb -50sh vs -80sh
Mar -100sh vs -115sh
April -105sk vs -115sk
May -80sk vs -100sk
JJ -70sn vs -88sn
Jul -60sn vs -80sn
Trades reports: Trades at -105sh for Mar.