Absence of China causes soybean prices to fall in Brazil

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 Friday (13.09) with average soybean prices in Brazilian ports on wheels for export falling 0.81%. This took the national average to R$ 85.39/bag, compared to R$ 86.09/bag the previous day.

Thus, the accumulated export price in September increased the loss to 3.54%, against 2.75% the previous day. “The increase of just 0.17%% in soybean prices in Chicago, added to the increase of 0.69% in the dollar in Brazil, this Friday, plus the continued absence of China, which caused premiums to fall, caused a fall in soybean prices again. in Brazil. As a result, the average prices that buyers were able to offer on wheels in Brazilian ports fell”, explains T&F Consultoria Agroeconomic analyst, Luiz Pacheco.

According to the Cepea Indicator, in the physical market prices reached R$ 84.00/bag, compared to R$ 85.00/bag the previous day in Paranaguá. In Rio Grande it reached R$ 85.00/bag, compared to R$ 85.30/bag the previous day, according to T&F Consultoria Agroeconomic.

In the domestic market, the price rose, but little, only 0.01% to an average of R$ 79.77/bag, against R$ 79.76/bag the previous day. With this, the accumulated result for the month of September in the interior reduced losses to 3.03% (3.04%). In the domestic physical market, the price in Passo Fundo fell to R$ 81.00/bag, compared to R$ 82.00/bag the previous day. In Ponta Grossa the price closed the week at R$ 82.00 and in Cascavel, R$ 80.50.

Source: agrolink

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