Uncertainty in the soybean market? La Niña and limited labor worry soybean growers in Brazil

The soybean market ended the second week of October at a cautious pace, with influences coming from both the international scenario and the climatic conditions in Brazil. According to the Grão Direto platform, the political impasse in the United States and the advance of the La Niña phenomenon compose a scenario of uncertainty, but also of opportunities for the Brazilian producer. The American political impasse has kept the government partially paralyzed for more than a week. With that, the United States Department of Agriculture (USDA) continues without releasing essential reports, such as the export inspection and crop monitoring reports, which increases the volatility in the futures markets. In Brazil, the weather continues to be the main focus of attention for soybean growers. The dry weather in the Midwest, for example, has limited fieldwork. Producers who anticipated with the first rains are now facing germination problems and the need for replanting, especially in Mato ...