Consultancy: Soybean market tends to become stuck **Note:** If there were more content to translate, it would be included in the output.

The soybean market is going through a period of adjustments marked by opposing forces between abundant supply, cautious behavior of agents, and external signals that still support part of the prices. According to TF Agroeconômica, the short term continues to be pressured by the seasonality of the harvest in Brazil, although this effect has been softened by firm premiums and the exchange rate. The predominant reading indicates that, within the country, the industry has been paying more than exports, driven by the good performance of the meal, the need to keep plants operating, and the domestic demand for oil and biodiesel. At the same time, exports maintain competitiveness but depend heavily on the combination of premiums and the exchange rate, becoming more vulnerable in scenarios of appreciation of the real. This context contributes to a more constrained physical market, with capitalized producers, industries defending margins, and tradings being selective in shipments. In the ...