Higher yield in Brazil pressures soybean prices **Note:** The instruction to translate a single word or a very short phrase literally is not applicable here as the provided text is a full paragraph.

The international soybean market ended last week with a slight downward movement, in an environment marked by fluctuations and uncertainties. According to StoneX, prices alternated between moments of losses and gains, mainly reflecting the uncertainties related to the biofuel policy in the United States, which maintained some degree of volatility in trading. Despite this unstable scenario in the short term, the structural framework of supply and demand is still considered constructive at the global level. One of the main factors is the positive revision of the Brazilian crop, which has been estimated at 181.6 million tons after the StoneX update. The volume reinforces the perception of ample availability of the grain in the international market, contributing to the downward pressure observed in prices. The robust harvest in Brazil expands the exportable surplus and sustains expectations of comfortable supply over the next few months. This movement tends to reduce concerns about ...