Slow negotiations and falling prices: check out the soybean quotes in Brazil

The Brazilian soybean market experienced a day of low liquidity and pressured prices. According to analyst Rafael Silveira from consultancy Safras & Mercado, offers were scarce and sellers maintained high spreads, while buyers acted cautiously. On Monday (4), the industry continued at a reduced pace with the end of the season, and ports registered mixed indications throughout the day. Yesterday (3), trading showed greater firmness, but volumes decreased again on Tuesday. In the new crop, only punctual fixations were recorded, without consistent progress. Premiums remain low, while the drop in Chicago and the rise in the dollar kept domestic prices irregular. Regarding the agreement between the United States and China, the consultancy says that, despite the political understanding between the two countries contributing to profit-taking in Chicago, the market is still waiting for official confirmations of new Chinese purchases of American products. Without concrete announcements, ...