In the soybean market in the state of Rio Grande do Sul, prices are moving little, according to information released by TF Agroeconomic. “In Porto Gaúcho, the prices of soy they were R$ 129.00 (+0.30) for delivery and payment in April, and R$ 130.50 for delivery and payment in May. Meanwhile, in other locations, all other positions showed a drop of R$ 1.00. In Ijuí, the price was R$ 122.00. In Passo Fundo, R$ 122.00 was recorded, and in Santa Rosa, it reached R$ 121.00”, he comments.
Both prices and business are at a standstill in Santa Catarina. After all, in Santa Catarina, soybean prices did not change, despite the instability observed in the market. However, the prices indicated at the port of Santa Catarina remained at R$ 126.00 per bag for delivery and payment in April. In Chapecó, the price was R$ 111.50, as indicated.
Variations and expectations in grain prices in Brazil
In Paraná, prices fell, with drops of up to R$ 3.00/bag. “The deals we see are rare and the result of a frequent need for maintenance of the structure. Despite this, with the greater consistency of wheat and corn, attention is focused on this market. In relation to soybeans from the 2023/24 harvest, the purchase idea was around R$ 120.00 per bag CIF Ponta Grossa (-2.50), with delivery at the beginning of May and payment at the end of May”, he indicates.
Mato Grosso do Sul has stagnant prices and slow business. “We arrived on Friday with the same impression that the market is not expressing its potential. We saw excellent deals being done in the last few weeks, values above 100,000 tons, but for this one we didn't even reach half of that, producers started to hold back waiting for prices to rise a lot”, he informs.
The same occurs in Mato Grosso. “In the state of Mato Grosso, in general, prices have been positive, but this week we saw a lot of changes in freight and premium prices, so even on days when the market rose as a whole, we saw little in real result, as these other factors varied downwards”, he concludes.
Source: Leonardo Gottems | agrolink
