Brazil: Soy completely stopped in the Midwest

The soy market in the state of Mato Grosso do Sul had a day without changes, with business also stopped, according to information released by TF Agroeconomia. “Market remains sluggish after the outflow of very expressive volumes at the beginning of the week. Trading volumes surpassed 50,000 tons, which is not extraordinary for better contexts, but it is way off the curve for this moment of market apathy”, he comments. “Complete absence of variations - in Dourados, prices were quoted at R$ 154.00, in Maracaju at R$ 153.00, in Sidrolândia at R$ 152.00, in Campo Grande at R$ 154.00 and in Chapadão do Sul at R$ 151.00”, completes the consultancy. Prices completely stopped in Mato Grosso, as well as business. “Mato Grosso's market is heavily hampered due to the rains and uncompetitive prices, the harvest is practically concluded and the producer is very well capitalized, so there is no need to sell volumes at current prices. According to analysts in the region, we should not see ...