It's hard to speed up Brazil's transaction

Introduction: according to Brazilian traders, the number of freighters waiting to ship soybeans in Brazilian ports may have increased in the past two weeks, but farmers are still reluctant to sell the newly harvested soybeans They are looking forward to higher prices, or they are worried about the increased loss of soybeans in the southern dry areas On Friday, Paranagua port soybean was quoted at R $36.50-37.20 per bag, compared with R $36.50-37.00 last week On Friday, the March / April shipping price for Brazil soybeans was 12 to 20 cents per bushel on CBOT soybeans, up from 13 to 18 cents a week ago The rise is due to a temporary shortage of soybeans in southern Brazil At this time of year, the price of Brazilian soybean is generally lower than that of Chicago soybean, but the current price is rising, so international buyers have been reluctant to purchase Brazilian soybean Many of the soybeans harvested in the Midwest have been snapped up by local crushers, who are scrambling to replenish their stocks Analysts pointed out that the current market situation still makes people feel as if they are still harvesting off-season In Mato Grosso, the main soybean producing area, buyers' interest in purchasing is still weak, because international buyers continue to pay attention to the U.S market price Soybean growers hope to wait until April to sell soybeans, when they will harvest more In addition, they are also considering pricing in US dollars as a hedge against real fluctuations Brazil's real weakened against the dollar this week, supporting domestic soybean prices On Wednesday, the dollar was at R $2.72, back to its level at the beginning of the year In mid February, the real exchange rate reached R $1 to R $2.58 At the beginning of this week, driven by the demand for shipment and export, the farm soybean trade in Parana accelerated, but the weekend trade slowed down According to a port official, due to the limited shipping capacity of the port of Paranagua, the long length of trucks has reached 10 to 15 kilometers The lack of rainfall in Parana continues to damage the yield potential of local soybean crops, but it helps farmers harvest soybeans As the second soybean production area in China, the soybean production in Parana is expected to be 10.4 million tons this year According to the Department of agriculture of Parana State, about 35% of the state's soybeans are growing well and about 18% of them are not Soybean trading in South Rio Grande is calm The continued drought in the region has led to a 50% or higher reduction in soybean production Growers are reluctant to sell soybeans until they know how damaged they are, according to a local trader Farmers hope that heavy rain will arrive on schedule at the end of the week to reduce the losses caused by the severe drought Farmers in Mato Grosso State also complain that soybean yield per hectare is less than 3000 kg The impact of the drought at the beginning of the year appears to be greater than expected Soybean yield in the northern region has increased, but rainfall has affected the region's harvest