Brazil: Soybean has maintenance and recovery in the Midwest
Soybean
Brazil
Published Dec 7, 2022
Original content
The soybean market in the state of Mato Grosso do Sul had a day of complete price maintenance and no movement, according to information from TF Agroeconomia. “The market in Mato Grosso do Sul spends a day without movements, something strange in view of market conditions. The day brought good valuations by the CBOT, so a clearer response is expected in terms of movements in the next trading session”, he comments. “However, the market in the region is experiencing some difficulties, not managing to increase in value to points where it becomes attractive to the producer, who is busy with harvesting. In addition, in general, the producer believes in valuations in January and because of that he does not move. At these prices, even with the crop already completely planted, there was no deal”, he adds. Mato Grosso had a day of punctual recoveries, with 4,000 tons traded. “The market continues to strengthen after significant declines motivated by the Argentine offer, this time mainly due ...
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