Soybeans show some stability, says consultancy

The physical market in Rio Grande do Sul maintains sustained soybean prices at the port of Rio Grande, where strong external demand has raised the value to R$ 145.00 per bag in the spot market at a certain point, while the interior presents stability in the main marketplaces. "For payment in November, with delivery in December, the prices at the port were reported at R$ 143.00/sc (+1.42%) weekly, while in the interior the references were around R$ 133.00/sc weekly in Cruz Alta," it comments. Santa Catarina is going through a moment of relative stability, with the return of firm weather. "In the physical market, the prices remain stable and aligned with the Parana references, with a lower logistical discount thanks to the proximity of the port of São Francisco do Sul and the strong demand from pig and poultry agribusinesses. At the port of São Francisco, the bag of soybeans is quoted at R$ 142.00 (+1.44%)," it completes. Paraná consolidates itself as the state in the best agronomic ...