Soybeans maintain some firmness

In the Rio Grande do Sul soybean market, financial strengthening reduces the immediate supply in warehouses and sustains the basis in the state, especially in regions near the port, where demand for shipment remains firm, according to TF Agroeconômica. “For payment in December, with delivery in December, prices at the port were reported at R$ 142.00/sc weekly, while in the interior the references were around R$ 132.14/sc weekly in Cruz Alta, except for Santa Rosa at R$ 136.00. 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. In Santa Catarina, the partial halt of port operations caused by the cyclone pressures logistics, potentially generating delays, accumulation of ships, and higher stay costs, factors that reinforce the firmness bias in local purchases. “The slower movement in the terminals also tends to increase the use of internal warehouses, ...