The global scenario does not seem favorable for soybeans

In the Panel “The local market and international perspectives in a complex context”, of the Acsoja 2024 Seminar, international production, supply and demand were analyzed in a scenario of price volatility of the main productions. Sol Arcidiácono, accountant, master in finance and commercial director of grains for Latin America at Hedgepoint, a broker from Chicago, indicated that the price volatility observed today in international markets implies challenges and opportunities. This is a key moment, since the harvest and the commercial cycle in the United States begin in what is anticipated to be a record harvest. “This year we had an increase in area, the second largest profitability in history, with a perfect summer,” said the analyst. Meanwhile, sowing is being defined in South America, Brazil is already beginning, there the starting point is September 15. “In this cycle that we are leaving behind, China has been selective, but it has bought very well, reaching a record of 111 ...