News

Brazil: Soy retreated a lot in the South

Soybean
Brazil
Published Mar 21, 2023

Tridge summary

The soybean market in the state of Rio Grande do Sul started the week with a drop of R$4.00/bag in some places, according to information from TF Agroeconomia. “In the Rio Grande do Sul market, all attention is focused on the factories (overwhelming) that today have retreated again in premiums, following what has been happening in the export market, but still, much more competitive than the exporters”, he comments.

Original content

“At the port, the price indicated for payment in May is R$ 167.00 on wheels at the best time. This represents a decrease of R$ 4.00/bag. Inland, in the cities of Cruz Alta and Ijuí, prices were respectively R$160.00, down R$3.00/sack and R$160.00, down R$3.00/sack. In Santa Rosa, as well as in São Luiz, prices fell by R$4.00/bag to R$160.00. Finally, in Passo Fundo, the price dropped by R$ 2.00/bag, reaching R$ 160.00”, he adds. In Santa Catarina, prices continue to fall, without any business. “Prices continue to show significant declines in view of the drop in premiums and the increase in supply caused by the super harvest in some regions. Faced with the decay of the values practiced, producers close their doors and show no desire to do business with factories or trading companies. In the port of São Francisco do Sul, the price was R$ 165.00 for April with delivery still in March, marking a drop of R$ 2.00/bag”, he indicates. Businesses freeze in Paraná, with falling prices. ...
Source: Agrolink
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