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Por: Eduardo Vanin
Artigo, Grãos
Publicado em: 26/10/2023 08:49
Brz Markets - Recap: Traders are talking about BRZ soybean washouts CFR China. They mentioned 5 to 10 cargoes. 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 again. The spread between Feb and March shipments is increasing. EC reduced its rain volumes forecasts for the next 10 days for Mato Grosso, Goias and Tocantins. This morning Ukrainian officials communicated temporary suspension of inbound and outbound vessels traffic throughout the protected corridor due to explosion risks.
Soybean Paper MKT – Oct 25th
Nov ?? vs +15sx
Feb ?? vs -80sh
Mar -95sh vs -110sh
April ?? vs -115sk
May -90sk vs -105sk
JJ ?? vs -90sn
Trades reports: No traders reported.
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