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Brazil: Soybean for the Midwest

Soybean
Brazil
Published Jun 1, 2023

Original content

The soy market in the state of Mato Grosso do Sul has prices under maintenance, with 20,000 tons traded, according to information released by TF Agroeconomia. “Producers are finally forced to do business, whether volumes partly due to the need to maintain properties or to release warehouses and good deals are being made today, with 20,000 tons being sold even at a price level considered low”, he comments. “All prices were maintained - in Dourados, prices were quoted at R$ 120.00, in Maracaju at R$ 119.00, in Sidrolândia at R$ 118.00, in Campo Grande at R$ 120.00 and in Chapadão do Sul at R$ 117.00”, comments the consultancy. The state of Mato Grosso had a day without price movements and business remains constant. “A light day with producers and traders watching the extraordinarily volatile market move. The day closed with appreciations both for Chicago and the dollar, but these very mild increases have not yet reached prices in Brazil. Despite the producers waiting for better ...
Source: Agrolink
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