PSF: 05_05_2025
Por: Eduardo Vanin
Artigo, Grãos
Publicado em: 21/11/2023 08:29
Brz Markets - Recap: The corn and soybean farmer selling in Brazil remains very sluggish. The stronger real and the weather are the main reasons. Till soybean producers have a better idea about the yield potential and the final production cost, they will probably keep away from the market. Yesterday the soybean farmer selling was only 200 thousand tons for both crops, one of the smallest of the year for a normal day. The origination cost for spot corn is prohibitive. It is +130/120cz, 20/30 cents above the Fob levels. The very expensive replacement cost for the last one or two months is preventing exporters to continue their corn program. Many players are willing to switch their programs to beans as soon as crop allows to. Elevation is no longer an issue from LH Dec to FH Jan. More soybean trades for Dec CFR China out of Brz and for Jan out of PNW.
Soybean Paper MKT – Nov 20th
Feb -10sh vs -30sh
Mar -40sh vs -60sh
April -55sk vs -85sk
May -45sk vs ??
June -30sn vs ??
Trades reports: no reports.