Replanting and germination failures require caution in early sales of the 25/26 soybean crop

The soybean market ended last week in decline, with the highlight being the devaluation of the Soybean FOB Santos Index, which fell from R$ 145.91 to R$ 144.78 per bag, a decrease of 0.77%. The devaluation of domestic prices occurred even in the face of the slight increase observed on the Chicago Stock Exchange, where the November/25 contract rose 0.18%. According to the Grão Direito platform, the main pressure factor in Brazil was the exchange rate. The dollar fell 0.46% in the week, closing at R$ 5.33, and, coupled with the reduction in export premiums, exerted a negative influence greater than the slight external appreciation, resulting in lower prices at the port. Soybeans went through a week of strong volatility. The beginning was marked by optimism with the improvement in the relationship between China and the United States, but the movement lost strength in the following days. China announced the removal of tariffs on a list of imported products from the United States, but ...