Soybean meal rises and oil falls in Mato Grosso

According to the weekly analysis of the Mato Grosso Institute of Agricultural Economics (Imea), released on Monday (27), soybean oil quotations on the CME Group registered an increase of 0.31% compared to the previous week, ending the period with an average of US$ 50.71 per pound-weight. According to the institute, the increase was influenced by the appreciation of Brent oil, which supported the prices of the derivative throughout the week. Regarding soybean meal, Imea highlighted that the product showed an appreciation of 4.11%, being traded at US$ 287.81 per ton. "The advance was sustained by the increase in soybean prices in grain, driven by the expectation of a possible trade agreement between the United States and China," the institute reported. In the Mato Grosso market, the behavior was different. Soybean oil recorded a decrease of 0.64% compared to the previous week, with an average price of R$ 6,658.72 per ton. According to the ...