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Brazilian authorities have ordered the immediate closure of two ports, including Brazil's largest grain terminal Paranagua, on environmental grounds.

Paranagua, located in the southern state of Parana, is also Brazil's second largest maritime terminal.

The closure has been ordered by the Brazilian Environmental Institute (Ibama), after the management of Paranagua port failed to meet previously agreed environmental commitments, meaning that it doesn't now have a valid operating license.

The neighbouring port of Antonina is also affected. In total the two are reported to have 13 vessels berthed, 26 scheduled to berth and a further 45 waiting to enter the ports.

No wonder China keep coming back to buy US beans. Meanwhile those front-end soybean premiums look set to remain a while yet. Just imagine if militant Argy dockers decide to sieze upon this as another opportunity to push for more pay too.