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Re: Cumulative rainfall up to October 2 on Brazil
Just my thoughts about current PA and September seasonality. As we know September is usually month of lower prices. Buyers are reluctant and wait for flowering. Photos of nice flowers are always scary for bulls. This year we play the same story, but for some maybe too long. Rains are late and temperatures are high. Some traders might bet that risk of good flowering is lower each day. They don't want to wait more and starting to buy. Just theory.