Bean market reacts with competition for batches

The bean market remains steady, driven by the competition for newly harvested lots and the expectation of adverse weather in the coming days. In the interior of São Paulo, the Brazilian Institute of Beans and Pulses reports that deals reached R$ 260 per bag, a price that did not attract all buyers but demonstrated the resistance of producers. According to the institute, if there had been an offer at R$ 250 or R$ 255, the movement would have been sufficient to exhaust the available volumes. The forecast of rain for the weekend reinforced the view that prices are likely to remain stable. Producers who are already harvesting consider a retreat unlikely, assessing that the humidity may hinder the entry of new crops and limit the immediate supply, a scenario that reduces the pressure on quotations. In Minas Gerais, a survey conducted in the Northwest region with 42 producers indicates a significant change at the beginning of the next cycle. Last year, all had planted the first crop; ...