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“Following the disasters generated in port terminals in the Gulf of Mexico by Hurricane Ida, in early September and the fall of a crane in a port terminal of the Ag Processing cooperative – one of the main American exporters of soybean meal – there was an interruption in shipments due to the impossibility of boarding, caused by the accident. This double logistical restriction coincides with an atypical demand for soybean meal in India, a country that recently had to modify the regulatory standard to approve the entry of soybean meal made with transgenic soybeans due to the critical shortage of this product”, he adds.
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As is usually the case, it can be said that the week of negotiations on soybean meal on the domestic market took place in two moments: before and after the release of the USDA report. “Before the report, sellers shipped volumes of bran between R$ 2,200.00 and R$ 2,350.00, depending on the region of operation. Afterwards, prices fell, and buyers retreated, where no more business reports were heard”, he indicates.
In oil, the market remains at a standstill awaiting the biodiesel auction. “But something went from hand to mouth. Chemical industry purchasing R$ 7600 with 12 CIF – SP. Auction starts next week. Prices after the final result of the auction”, concludes the agroeconomic consultancy.
By: Leonardo Gottems | agrolink
