# Brazil weather remains favorable with widespread showers in the north, with small pockets in the south trending a bit drier - Ag Optimus

> Corn and soybean futures traded mixed, with soyoil strength supporting beans. The EIA reported ethanol output down 6% week over week, and corn exports are lagging last year. China is buying Ukrainian corn, and Dalian corn prices are rising. Brazilian soybean planting is fast, and Paranagua port premiums are firm.

- Date: 2021-11-11 · published 2021-11-11T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/13769-brazil-weather-remains-favorable-with-widespread-showers-in-the-north-with
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Weak US export sales and fast Brazilian planting are bearish, while firm Dalian prices and strong ethanol margins offer support.

## Read by commodity

- SBO: bullish ▲
- SOY: neutral
- CORN: neutral
- WHEAT: neutral

## Sources

- agoptimus.com: https://agoptimus.com/brazil-weather-remains-favorable-with-widespread-showers-in-the-north-with-small-pockets-in-the-south-trending-a-bit-drier/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.