With supply above demand, soybean prices continue to fall in Brazil
Soybean
Brazil
Published Mar 27, 2023
Tridge summary
Soybean prices continue to fall in the Brazilian market. According to Cepea researchers, the pressure came from supply above demand. The pace of soybean sales has been reduced in recent months, and now producers need to stock up and/or free up space in warehouses, increasing availability in the national spot. On the buyer side, plaintiffs are cautious in acquiring new batches of soybeans. As for derivatives, the devaluations of oil and bran have been less intense in relation to those verified for the raw material, resulting in an improvement in the margin of industries. In the case of soybean oil, the downward movement was limited by expectations of greater demand for biodiesel production.
Original content
Soybean prices continue to fall in the Brazilian market. According to Cepea researchers, the pressure came from supply over demand. The pace of soybean sales has been reduced in recent months, and now producers need to stock up and/or free up space in warehouses, increasing availability in the national spot. On the buyer side, plaintiffs are cautious in acquiring new batches of soybeans. As for derivatives, the devaluations of oil and bran have been less intense in relation to those verified for the raw ...
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