Selling pullback raises soybean price in Brazil

The irregularities in rainfall in Brazil, the need for replanting, and the expectation of a heated external demand in the coming year, led Brazilian producers to become more resistant in deals involving new batches of soybean grain last week. As a result, a survey by the Center for Advanced Studies in Applied Economics (Cepea) shows that liquidity in the national spot market decreased, but prices rose. According to researchers at the institute, the values of soybean grain were also influenced by USDA projections indicating a lower global supply. This fact, combined with the advance in demand in the 2025/26 crop, should reduce the stock/final consumption ratio to the lowest volume in three seasons. As for soybean meal, a Cepea survey shows ...