Sales only improved a couple points in January in Brazil...

https://www.soybeansandcorn.com/articles/9880/ 

“Farmers in Mato Grosso had sold 40.6% of their 2023/24 anticipated soybean production by the end of January compared to the average of 60% according to the Mato Grosso Institute of Agricultural Economics (Imea). This represents an advance of only 2% compared to the prior month. The slow sales is being attributed to low soybean prices in Brazil and low soybean yields.

The average selling price for soybeans in Mato Grosso during January was R$ 100.65 per sack (approximately $9.15 per bushel), which was down 1.1% from December.”