Soybean market remains stagnant

The soybean market in Rio Grande do Sul remains virtually stagnant, with no appetite for selling due to production uncertainty and no aggressive buying due to delivery uncertainty, maintaining stable references in the interior and nominally aligned with the port. The information was released by TF Agroeconômica. “For payment in December, with delivery in December, prices at the port were reported at R$ 142.00/sc (-0.70%) weekly, while in the interior the references were around R$ 133.00/sc weekly in Cruz Alta, except for Passo Fundo at R$ 138.00. Already in Panambi, the physical market presented maintenance, with the stone price falling to R$ 121.00/sc, signaling greater local resistance to the buying pace,” it comments. Santa Catarina sustains a stable physical market, with pig and poultry industries driving the demand for meal and reducing dependence on export parity. “The marketing advances selectively, with cautious sellers and buyers adjusting positions as the RS offer is ...