China has increased soybean imports from Brazil

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According to data from the Cepea newsletter, the low level of the Paraná River continues to harm Argentina's exports. Thus, for soybeans, export premiums operate at the highest nominal levels since November/18, at US$ 2.48/bushel last week. For soybean meal, premiums are at the highest levels since August/14, at US$ 52.00/short ton in the same period. Therefore, the “crush margin” of industries rose to US$ 18.24/ton in the weekly average (13 – 17). As a result, the ESALQ/BM&FBovespa Paranaguá, CEPEA/ESALQ Paraná Indicators and bran values have advanced in recent days. In the field, sowing began in parts of the South and Central-West. In the Southeast, producers are waiting for more voluminous rains to begin work.

By: Aline Merladete | agrolink