With the producer's eye on the end of planting, prices are still not catching attention; check out the quotes

The Brazilian soybean market operated weakly this Wednesday (3). According to analyst Rafael Silveira from consultancy Safras & Mercado, the market saw a drop in prices in most locations, with few offers and quotations falling both at the port and in the industry. According to him, the CBOT declined along with the dollar. Although premiums rose a bit, it was not enough to offset the drops of other price setters. Silveira also highlights that trading remains slow and that the new crop remains with little fixation. "The producer basically wants to finish planting, and the current prices do not attract attention. They are still waiting for better indications," he said. In the physical market, prices in Brazil were as follows: Soybean futures contracts closed lower this Wednesday (3) on the Chicago Board of Trade (CBOT). Uncertainties about the pace of Chinese purchases of American soybeans and positive expectations around the South American crop pressured quotations. The absence of ...