Brazil's Soybean Prices Declined by 12.85% YoY in W3 Amid Favorable Growing Conditions

Seeds / Oil Seeds

Published Jan 19, 2024

Brazil's soybean prices dropped by 12.85% YoY to USD 0.51/kg in W3 due to favorable weather conditions. Additionally, robust shipments of Brazilian soybeans to China signaled strong competition for US soybean supplies. Brazil is anticipated to achieve a record soybean crop of 163 mmt in 2024, benefiting from the transition from La Niña to El Niño weather conditions.

Related market data

Origin market price for sourcing of Soybean to Brazil

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Export market for Soybean in Brazil

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September, 2023

Origin market price for sourcing of Soybean from Brazil to Turkiye

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Origin market price for sourcing of Soybean from Brazil to Pakistan

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September, 2023

Origin market price for sourcing of Soybean from Brazil to South Korea

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September, 2023

Origin market price for sourcing of Soybean from Brazil to Paraguay

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