Slow marketing exposes soybean farmer to risk of falling prices, analyst warns

In the latest Soja Brasil, the marketing of soybeans was one of the highlights of the episode. With planting practically coming to an end across the country, in addition to monitoring the development of crops, concern about the sale of the harvest is growing. To analyze this scenario, Soja Brasil invited Rafael Silveira, an analyst from Safras & Mercado, who participated in the debate on the topic. Silveira began by explaining that November was marked by high volatility, especially in the Chicago Stock Exchange. "We had market tension there over China and the United States, but China, initially, closed an agreement with the US to source American soybeans, with an expectation of 12 million tons by the end of the year," he stated. He highlighted that this scenario ended up raising the fluctuations of the contracts in Chicago quite a bit, which went from levels of US$ 11 per bushel and reached testing levels of US$ 11.50. According to the analyst, this movement brought pressure on ...