Soybeans: It's time to sell

TF Agroeconomics reported that the global soybean market is experiencing a period of strong uncertainty due to China's silence on the purchases announced by the White House and the advancement of Brazilian soybean acquisitions, which exceeded 1.2 million tons last week. Although the Chinese government has authorized three major American trading companies to resume exports to the country, the volumes promised by Donald Trump (25 million tons annually) are still below the historical average of Chinese purchases, which is around 28.5 million tons. With quotations above $11/bushel, TF's recommendation is clear: it is time to sell, as American producers are already doing, especially for export shipments. In Brazil, prices remain stable, with a slight increase of 0.10% in the month, supported by the demand for biodiesel oil. Margins remain attractive, with average profits varying between 5.59% in Paraná and 13.71% in Minas Gerais. Among the factors driving prices up, the reinstatement ...