Soybeans can recover, says consultancy firm

Rio Grande do Sul is plotting a recovery for the soybean harvest after a recent history of crop failures, according to information from TF Agroeconômica. “For payment in December, with delivery in December, the prices at the port were reported at R$ 144.00/sc (+1.41%) weekly, while in the interior the references were around R$ 133.64/sc weekly in Cruz Alta, except for Santa Rosa at R$ 140.00 (+0.72%) and Passo Fundo at R$ 139.00 (+1.46%). Already in Panambi, the physical market presented maintenance, with the stone price retreating to R$ 122.00/sc, signaling greater local resistance to the buying pace,” it comments. Santa Catarina stands out for its intensive productivity with planting at 91%. “The exchange ratio of soybeans/corn becomes vital for the integrated profitability of the state, with the silo infrastructure functioning as a logistical link between primary production and agribusiness chains. At the port of São Francisco, the bag of soybeans is quoted at R$ 142.94 ...