Soybean reacts to risk perception

The soybean market in Rio Grande do Sul reacts to the perception of risk with strong support in the basis, driven by the combination of active demand and producer retention, according to information from TF Agroeconômica. “For payment in December, with delivery in December, the prices at the port were reported at R$ 142.00/sc weekly, while in the interior the references were around R$ 132.50/sc weekly in Cruz Alta, except for Santa Rosa at R$ 137.00. 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 prices with internal demand and attention to the regional climate. “The market operates with clear support, driven by internal demand and concern about supply in the following quarter. At the port of São Francisco, the bag of soybeans is quoted at R$ 142.37 (+0.44%),” the consultancy adds. Paraná adjusts the pace of commercialization ...