Brazilian market continues with a set of price-containment attitudes

Soybean

Brazil

Published Mar 9, 2023

Tridge summary

The Brazilian soybean crop is being reaped, and producers are making their trading and storage decisions. In several locations, the option has still been to retain soybeans and sell corn to guarantee space for the arrival of the soybean crop. Gradually, this attitude meets the short-term demand of the consumer sector. At the same time, […]

Original content

The Brazilian soybean crop is being reaped, and producers are making their trading and storage decisions. In several locations, the option has still been to retain soybeans and sell corn to guarantee space for the arrival of the soybean crop. Gradually, this attitude meets the short-term demand of the consumer sector. At the same time, a cut in the average weight of pigs lowers the demand scenario a little, but nothing that influences prices at this moment. On the other hand, avian flu and BSE in Pará do not influence demand and/or prices in Brazil at this time. The fact is that the market is still trying to reach the second crop with only the summer corn available, and this is the great challenge for the market this semester, given the delay in planting the corn second crop. Regional harvests are evolving and offering some supply points to the Brazilian domestic market. Rio Grande do Sul and Santa Catarina are still reaping and with concerns about space for soybeans. There is ...

Source: UkrAgroConsult

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