Check out how the soybean market is doing

The recovery of production and some logistical challenges mark the beginning of the soybean harvest in Rio Grande do Sul, according to TF Agroeconômica. “For payment on 10/15, with delivery in October, prices at the port were reported at R$ 140.00/sc weekly, while in the interior the references were around R$ 131.00/sc weekly in Cruz Alta, Passo Fundo, Santa Rosa, and São Luiz, all with settlement scheduled for 10/30. Already in Panambi, the physical market presented a more pronounced drop, with the stone price falling to R$ 120.00/sc, signaling greater local resistance to the buying pace,” it comments. The Santa Catarina soybean market shows strength concentrated in the ports, with little price variation seen in a scenario of increasing supply. “This punctual variation reflects a heated spot demand for immediate shipments, contrary to the downward trend observed in the Chicago Board of Trade. At the port of São Francisco, the bag of soybeans is quoted at R$ 138.52 (-0.18%)”, it ...