International demand heats up the soybean meal market and boosts contracts in Brazil

The strong global demand for soybean meal has moved the international market in the last week, causing a significant increase in the futures contracts of the derivative on the Chicago Mercantile Exchange (CME Group). According to information from Cepea, this external movement has directly impacted Brazil, raising the interest of buyers and stimulating the formalization of new "frame" contracts—a modality aimed at operations with medium to long-term deliveries. Despite many buyers still having comfortable stocks, the increase in international prices served as a trigger for the resumption of negotiations. The appreciation of soybean meal occurs in a context of higher demand for vegetable protein, reinforcing the attractiveness of the Brazilian product in the global scenario. On the other hand, the soybean grain market showed low liquidity in the same period. According to a survey by Cepea, Brazilian producers have kept their focus on field activities, given the climatic ...