Harvest starts in Brazil and the summer harvest of corn starts well in Paraná state, the production will good with good yields and good numbers pressing the futures contracts of BMF to go down and down. During the next weekend the field activities will be huge with a favorable weather.
Paranaguá port is loaded with vessels and the exporters are in a very need of beans, we are seeing a increase in the basis at the spot market that are around +65 over cbot march 17.
Keep posting the actual market over here.