Parana is Brazil's second largest soybean growing area. They are 9% harvested v 31% normal pace and 16% double crop corn planted v 48% usual
It's so hard to get excited about delays. It seems like the drama that leads up to the inevitable conclusion. It all gets planted anyway.
The only real crop destruction/reduction that stands out in the last 20 years, and was truly market moving, was a debilitating drought.
during their golden week celebration that they found the time to cancel 500,000 tons ?
the fact that they dd not buy does not surprise anybody being on vacation and all
but to cancel while on vacation makes me wonder
I have been long beans since mid Oct.
I flopped to short and am adding at this point
Meal was the leader ( and that made sence ) it is no longer the leader ( at least to the upside )
energy to the upside has been lost
watching with caution