Producers are holding back soybeans and fear losses in the harvest.

Negotiations with soybeans and derivatives remain slow at the beginning of December, marked by resistance from sellers and caution from buyers. According to Cepea, price disparity and concerns about the weather explain the slowdown. The negotiations involving soybeans and its derivatives are at a reduced pace at the beginning of December, according to data released by the Center for Advanced Studies in Applied Economics (Cepea). The scenario is at an impasse: buyers are pushing for a drop in prices, while producers avoid selling in the face of climatic uncertainties and good financial condition. The survey points out that most consumers are supplied and prefer to wait for a possible price retraction before closing new contracts. On the other hand, soybean farmers, mostly capitalized, have avoided offering new lots in the spot market and direct their efforts to field activities. The weather is a central factor in the caution of the producers. Regions with water deficit trigger the ...