Tridge summary
The Brazilian agricultural market is experiencing stable record high prices for cattle and corn, despite a slow physical market. Cattle prices are around R $ 227 and R $ 228 per sign, with a slight decrease of 0.57%, and conventional cattle prices in São Paulo reach up to R $ 225 per arroba. Corn prices have risen for the tenth consecutive day, approaching R $ 55 per bag in São Paulo. Soybean prices continue to rise in Brazil, trading above R $ 124 a bag. Meanwhile, global markets are trying to remain high despite the sharp decline in the UK's GDP. In Brazil, retail sales for June are expected to increase by 5.0%, and the market is reflecting on the departures of key economic team members, including Special Secretaries of Privatization and Bureaucratization, and the director of Debureaucratization.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Agenda: Ox: physical market is slow and stabilizes close to the record prices of the at sign The Cepea / B3 indicator has stabilized around R $ 227 and R $ 228 per sign, with some difficulty reaching records above R $ 231 Yesterday, Tuesday, 11, the indicator registered a slight decrease of 0.57% and was quoted at R $ 227.20. Agrifatto Consultoria records a “typically slow” market for this beginning of the week, with few negotiations, but with an upward bias in those that are concluded. Thus, the pressure remains bullish. In São Paulo, the consultancy sees prices of up to R $ 225 per arroba of conventional cattle and up to R $ 230 for animals that meet the export standard. Scot Consultoria analyzes that even with the slaughterhouses managing to extend the slaughter scales a little, prices did not give up in the northwest of São Paulo. Corn: prices rise for the tenth consecutive day and approach R $ 55 per bag in São Paulo The Cepea / Esalq / BM & FBovespa corn indicator, based on ...
Source: CanalRural
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