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 Tuesday (17.12) with average soybean prices in Brazilian ports on wheels for export rising 0.61%, for an average of R$ 87.32/bag (compared to R$ 86.79/bag on the previous business day).
“The small increase of 0.10% of the dollar in Brazil, added to the absence of China, did not cancel out the 0.51% increase of soybeans in Chicago and once again boosted the prices offered by buyers on wheels in the ports of southern Brazil or their equivalents in other states ”, point out the analysts at T&F Consultoria Agroeconomia.
Inland, however, the average price fell by 0.01%, to R$ 82.51/bag, compared to R$ 82.76/bag the previous day. As a result, the month's accumulated figure reduced the drop to 3.04% in ports and increased to 2.51% in the interior, according to Cepea research. Still according to T&F, the market was active in Rio Grande do Sul, but dormant in Paraná.
CHINA
China returned to buying North American soybeans, having acquired around 300 thousand tons through Pacific ports (PNW), with a CIF premium of 165F, after releasing quotas for another million tons tariff-free. In the Paranaguá intermediate paper market, business was reported for February at +55H and March at +45H.
FOB premiums at Brazilian ports ordered by sellers remained unchanged for February at 68H, fell 16 cents for March to 40H, fell 3 cents for April to 44K, rose 3 cents for May to 58K, rose 1 cent for June to 46N and fell 3 cents for July to 56N.
Source: agrolink
