According to the daily survey by Cepea (Center for Advanced Studies in Applied Economics, from USP), soybean prices in the Brazilian physical market closed on Thursday (18.07) with average soybean prices in Brazilian ports on wheels for export falling 1.06% at the prices buyers were able to offer. As a result, the average fell to R$ 77.56/bag, and losses during the month of July already reach 5.18%.
In the interior of the country, the drop was 0.48%, bringing the average to R$ 73.31/bag. This devaluation increased the month's losses to 3.16%. “The sharp drop of 0.86% in the exchange rate of the dollar in Brazil, added to the drop of 0.08% in the price of soybeans in Chicago, caused another drop”, explains the analyst at T&F Consultoria Agroeconomic, Luiz Pacheco.
Chinese demand was felt again this Thursday, with the purchase of 3 more positions, totaling 19 for the week. The Paper market at the Port of Paranaguá negotiated the contract for August 85 and September 95 and 100. Regarding by-products, soybean pellets were traded in Rotterdam at US$ 366.00 (367.00)/t.
As for vegetable oils, canola oil was traded in Rotterdam at US$ 848.25 (845.82)/t. Linseed oil at US$ 775.00 (775.00), soybean oil at US$ 758.07 (751.87), sunflower oil at US$ 785.00 (785.00), palm oil at US$ 482.50 (485.00). At the port of Dallian, China, physical soybeans closed at US$ 491.22 (490.61)/t, soybean meal at US$ 418.10 (414.77) and soybean oil at US$ 785.9) 786.14/t.
Post: Marina Carvejani
Author: Leonardo Gottens
Source: agrolink
