Despite the rise in Chicago and the weaker dollar, producers are holding back supply; end of the shutdown in the U.S. resumes data release
원본 콘텐츠
Soybean prices in the Brazilian market registered few fluctuations this week, which also presented a discreet improvement in the pace of trading. According to the consultancy Safras & Mercado, the scenario was marked by stability in export premiums, rising futures contracts in Chicago, and a falling dollar against the real. Even with the advance in Chicago, the difference between the buying and selling bases remains high, limiting a more firm resumption of business. Producers continue to withhold supply, in expectation of higher prices, while monitoring the development of the crops. In the Chicago Board of Trade (CBOT), the most traded contracts with January expiration accumulated a 2.95% appreciation in the week, being quoted at US$ 11.50 per bushel this Friday (14). The end of the American government shutdown reduced the risk aversion in the financial market and boosted demand for commodities. The reopening of the government also resumed the release of important data. In ...