Brazil: Parity of soybeans, corn, and beans returned
Soybean
Maize (Corn)
Dried Common Bean
Brazil
Published May 12, 2022
Tridge summary
The trend would be that the historical average of 2.18 bags of soybeans, from 2017 onwards, and 3.25 of corn would be exceeded and there it is. With no bad weather during the second crop so far, parity has returned to the old benchmark, ie 2 bags of soybeans and 4 of corn for 1 of beans. In fact, at the moment it is at 3.28 and 4.83. This is happening even with values considered above historical for commodities.
Original content
Carioca beans with slow browning give the second crop producer the possibility to choose the best time to sell. He is no longer at the mercy of the market or, worse, of rumours. For packers, this is good, as the more stable the quotes, the better. Some predictability has been possible to be developed for the Bean markets. The market yesterday saw some large lots sold from a few producers with some volume in stock. Note 7/7.5 maintained the Minas Gerais base between R$350/360. According to an observer trader, Feijão-carioca Dama has allowed that, after 8 months in storage, the product can be sold as grade 7.5 kept out of any refrigeration and often seen as a lower grade only due to stains present due to having been ...
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