Brazil rain and Biden comments offset a positive bean export report. November 16, 2023
Rains over the next five days in Mato Grosso will run 0.2 - 1.2 inch. It will help but not fix anything. Extended forecast still suggest dryness. There is a light, valid, production hit to expect from weather to this point. The trade is lightly pricing additional premium based on the potential for no improvement in weather in the months ahead when reproduction hits.
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