Brazil: Exchange rate and premium favored domestic soybean prices in September

The first maturity of soybeans in Chicago showed devaluation in September. On the other hand, prices in Brazil went against the international market and were discharged. In the US, the USDA brought the American soybean harvest completed to 23% of the area, ahead of the average of the last five years. In Brazil, even with the The pace of commercialization of the soybean harvest below the average of recent years, exports of the oilseed remain at a record level. The first contract contract fell 4.5% in September to USD 13.29/bu, despite the new drop in US production in the September USDA report. A Despite the lowest supply of soybeans in the last four years in the USA, the harvest is at an accelerated pace in the Midwest, which ended up putting pressure on grain prices. What Also helping to put pressure on grain prices were the drops above 5% recorded for by-products, oil and bran, in Chicago. Soybean prices in Chicago (USA) and Sorriso (BR) Despite the devaluation in the CBOT, on ...