Dolár Comercial : --
Boi Gordo (B3) : --
IBOVESPA : --
Milho (CBOT) : --
Soja (CBOT) : --
Milho (B3) : --
Algodão (NY) : --
Petróleo : --

Morning wrap up: Friendly weather and improvement in river navigability

Por: Equipe Agrinvest
Artigo, Grãos
Publicado em: 14/11/2024 08:43

Water levels of Madeira and Tapajós rivers is returning to normality. Corn nominations in Barcarena are growing again—250,000 tons by the end of October. Now they’re at 500,000 tons. Corn premiums Fob Santos for Dec and Jan are lower, following lower levels in Argentina and Ukraine. The export program grew a bit in the last 2 weeks, even with negative origination margins – with better river depths, TOP´s for December will be maintained. Ocean freight brokers commented about more demand for cargoes for Dec South America to Asia, probably soybeans. Sino keeps buying in the US. More cargoes reported for Jan. Others say Sino’s bids were too low today. More trades reported for NC Brz for May and June. Soybean meal sales in China remain depressed – today 133,100 tons, 455k tons in the week, almost 600k tons less than last week. The proportion of spot delivery and deferred remains below 50%. Soybean oil sales this week are close to 60k tons, very similar to last week. Board Crush dropped in China and also in Brazil. In Brazil the crush margin for new crop lost around $10 per ton – SBO flat price lost some ground and SBM continues to digging the hole (4-year low). Farmer selling in Brazil is very weak. In Argentina the farmer selling remains decent (ystd 208k tons and 380k tons in the week).

Soybean Paper MKT – Nov 13

(daily variation)

Feb +80sh (-5) vs +72sh (+2)

Mch +43sh (-7) vs +35sh (unch)

Apr +40sk (-5) vs +35sk (+3)

May +55sk (-5) vs +37sk (unch)

Jun +65sn vs +46sn (+2)

Jul ?? vs +50sn (-1)

Trades: Feb at +75sh (tdd at +80sh on Nov 12); Mar at +43sh; May at +50sk

Cargo Market (Santos/Tuba):

FH Feb25 +100sh vs ??

FH Mar25 +70sh (+2) vs ??

LH Mar25 +53sh (+3) vs ??

FH Apr25 +53sk (+3) vs ??

LH Apr25 +60sk (unch) vs ??

FH May25 +65sk (unch) vs ??

LH Apr25 +70sk (unch) vs ??

Deseja ler esta notícia completa?

Clique nos botões abaixo para conectar-se