Soybean prices continue to reach nominal highs, especially in ports. Despite this, not all markets in the interior of the country had absorbed this increase in grain value at ports, especially when considering the amount paid to the producer (over-the-counter market). According to producers consulted by Cepea in the south of Brazil and in the São Paulo region of Sorocabana (west of the state), they are already trading soybeans at around R$ 100.00 per 60 kg bag. Support comes from good demand, especially for exports, and lower supply.
As for the ESALQ/BM&FBovespa Indicator for Paranaguá (PR) soybeans, between May 8 and 15, it registered an increase of 3.9%, closing at R$ 115.83/60 kg bag on Friday, 15. The CEPEA/ESALQ Indicator Paraná rose 2.9% in the same period, at R$ 107.50/sc of 60 kg on Friday.
According to Cepea research, industries indicate that they are managing to pass on the rise in grain prices to derivatives, helping to ensure that the crushing margin does not drop significantly. However, industry representatives are already concerned about the profit margin in the coming months, given the uncertainties regarding the supply of raw materials in the second half of the year.
Source: agrolink
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