Brazil: Soy devaluation is big in the Midwest

The soybean market in the state of Mato Grosso do Sul saw general devaluations of R$ 3.00/bag in prices, according to information released by TF Agroeconomia. “Mato Grosso do Sul sees general decreases of R$ 3.00/sack present throughout the State, this, the ideas for sales start to come out with greater frequency are proving increasingly impossible to beat. After reductions of R$ 3.00/bag - in Dourados, prices were quoted at R$ 152.00, in Maracaju at R$ 151.00, in Sidrolândia at R$ 150.00, in Campo Grande at R$ 152. .00 and in Chapadão do Sul at R$ 149.00”, he comments. Mato Grosso had general declines of up to 3.50/sack, with good advances in the harvest. “Like what was seen in the other regions, general and deep lows, the soybean crop is already approaching 90% harvested. All regions recorded expressive decreases, with that, Campo Verde at R$ 148.00 after a loss of R$ 3.00/sack. Lucas do Rio Verde at R$145.00, after also losing R$3.00/sack. Nova Mutum at R$ 146.00, also losing ...