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Por: Eduardo Vanin
Artigo, Grãos
Publicado em: 25/10/2023 08:36
Brz Markets - Recap: Farmer selling of corn and soybean remain very slow. BRL close the day below 5 per dollar for the first time in three weeks. Extreme heat up North and very low profitability for safrinha 2024 are the main reasons for sluggish farmer selling. Soybean premiums for New Crop close the day firmer and weaker for corn. EC reduced its rain volumes forecasts for the next 10 days for Mato Grosso, Goias and Tocantins. Brokers in China mentioned about very cheap UKR corn offers for Nov and Dec, $15 to $20 per ton lower than Brz replacement. Soybean trades reported on CFR China for Nov and Jan out of the US. Brazil is offering soybean for January.
Soybean Paper MKT – Oct 24th
Feb -35sh vs ??
Mar -90sh vs -115sh
May -60sk vs ??
Cargo Market (Santos/Tuba)
FH Feb ?? vs -20sh
LH Feb -15sh vs ??
FH March ?? vs -85h
FH April ?? vs -95sk
Trades reports: No traders reported.
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