With tight supply and irregular weather, the price of soybeans rises in Brazil

The marketing of soybean grains in Brazil has lost momentum in recent days. A survey by Cepea indicates that producers are more cautious, postponing sales amid climatic instability and the need for replanting in some areas. This scenario has limited the supply in the national spot market, contributing to the appreciation of the grain. In addition to internal factors, prices were influenced by data released by the United States Department of Agriculture (USDA), which point to a lower global supply of the oilseed in the next season. This projection, coupled with the expectation of growing global demand, should reduce the stock/final consumption ratio to the lowest level in three crops. In the derivatives segment, soybean meal maintained price firmness. Heated demand sustained ...