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The soybean market in the state of Rio Grande do Sul had a very slow day before the Corpus Christi holiday, with only 5,000 tons reported, according to information released by TF Agroeconomic. “The excitement left as quickly as it arrived, yesterday 35,000 tonnes were traded on the market, today prices fell again and only 5,000 tonnes were traded, around R$3.00/bag was lost from yesterday to today. Furthermore, stone prices have not changed, remaining at R$159.00/bag and it is estimated that State sales reached 52% at the end of last month”, comments the consultancy.
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In Santa Catarina the market was frozen, with prices falling by R$2.00/bag. “There was no movement in the Santa Catarina soybean market and prices fell again, the time is not good for the seller, the time is not good for the buyer, the state's sales should already reach 80% and those who have not sold so far are the ones who It doesn’t need immediate liquidity, so it will wait for the best prices”, he adds.
In Paraná, the market fell by R$2.00/bag, with no business. “Paranaense market will not improve until freight becomes more viable for the buyer or prices drop enough for profit margins to make sense. For now it seems that soybeans will be falling, but this depends heavily on US productivity, which could fail due to climate problems, we need to wait and watch”, he indicates.
In Mato Grosso do Sul we also had no business, but we saw a drop of R$1.00 in prices. “A very defensive stance on the part of Mato Grosso's salespeople, in the current situation it takes a lot of commercial acumen to make a decision, the region's logic is similar to that of SC, sales are already quite high and only those who wanted to wait haven't sold yet. value, however, the concern about loss of value is present and in any increase that appears something has come out, yesterday was an example of this, with 10,000 tons being traded”, he concludes.
By: Leonardo Gottems | agrolink
