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Por: Eduardo Vanin
Artigo, Grãos
Publicado em: 13/11/2023 08:18
Brz Markets - Recap: Soybean Farmer selling last week totalized 1.6 Mi tons, versus 1.0 Mi on previous week. The ratio was 50/50 OC/NC. Besides the faster rhythm, it is still very slow comparing to the size of the crop. Soybean premiums on Fob rose by 10 cents for new crop, which could be attributed to the weather and the slow farmer selling. The divergence between the weather models continues. The EC is again much wetter compared to the GFS, especially for the 11-15 day window. Heat wave for the center of Brazil, Bolivia and Paraguay will keep in place for the next 10 days. Temperatures will hit more than 40 °C (104°F).
Soybean Paper MKT – Nov 10th
Feb ?? vs -70sh
Mar -70sh vs -90sh
April -80sk vs -100sk
May -50sk vs -85sk
June -55sn vs -75sn
JJ ?? vs -65sn
Trades reports: no trades on Friday.
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