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In the soybean market in the state of Rio Grande do Sul, prices appreciate by up to R$ 3.00/bag, while business remains slow for the period, according to information released by TF Agroeconomic. “Extremely volatile soybean market today, we started the morning with prices at R$ 146.00 for the end of August at the port of Rio Grande”, he comments.
“With the release of area and inventory data, the market took a leap and R$ 150.00 was paid for the same end of August (in a very short space of time). After this, the premiums were “taken” from the market, which when returned indicated the same R$ 146.00 for the end of August. Inland, in Cruz Alta, the price fell by R$ 2.00/bag, reaching R$ 138.00. In Ijuí the value was R$ 137.00, increasing by R$ 2.00/bag”, he adds.
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In Santa Catarina, the price rises well at R$ 2.00/bag, some deals made. “Another day with some activity in terms of business for Santa Catarina, although nothing very significant. Prices rose well, reaching up to R$ 144.00 near the middle
of the trading session, but fell again at R$ 1.00/bag, closing at R$ 143.00. At the port of São Francisco do Sul, the price was R$ 141.00 for April with immediate delivery, marking an increase of R$ 2.00/bag”, he indicates.
Overall increases of up to R$ 4.00/bag were seen in Paraná, with deals exiting. “After a week of weaker movements, on Friday, prices marked a jump and trades were carried out at a faster pace. Directly, there is not much basis behind these changes, the increases were caused especially by the improvement in prices in Chicago and this was a market readjustment. Traders spent the week worried about the expectation of climate improvement in the USA and the upcoming area bulletin, with the mood calming down, these increases occurred”, he concludes.
Source: Leonardo Gottems | agrolink
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