Soja operates in defensive mode

The soybean market in Rio Grande do Sul is operating in a defensive mode, according to TF Agroeconômica. "For payment in December, with delivery in December, the prices at the port were reported at R$ 141.00/sc weekly, while in the interior the references were around R$ 132.34/sc (+0.20%) weekly in Cruz Alta, except for Santa Rosa at R$ 136.00. In Panambi, the physical market presented maintenance, with the stone price retreating to R$ 122.00/sc, signaling greater local resistance to the buying pace," it comments. The Santa Catarina soybean market faces a unique dynamic, marked by the retraction of the planted area for the current crop. "Storage becomes strategic in this context of compressed margins, allowing the producer to wait for better commercialization windows and dilute freight costs in moments of greater port demand. At the port of São Francisco, the bag of soybeans is quoted at R$ 140.32 (-0.52%)," it completes. Paraná consolidates itself as a highlight of this crop, ...