IN555 - 11/18/2025 18:03
As of right now there isn’t much concern down there. A few dry pockets but overall planting has been going well. Many estimates are still in the 175-178mmt range for Brazil. So is traders buying based on SA weather or anticipation? Sure it’s possible but I don’t think there is anything going on that would cause the size of moves we are seeing on a daily basis.
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