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Brazil: Soybean prices reach R$ 5.00 in the South

Soybean
Brazil
Published Dec 7, 2022

Tridge summary

The soybean market in the state of Rio Grande do Sul had a day of general increases of up to R$ 5.00/bag, with no business, according to information released by TF Agroeconomia. “Market returns to positions seen before the last deep declines. This process does not necessarily mean that business should improve significantly, but maintenance amounts are already flowing again. Despite the expressive evolution of prices, caused especially by the appreciation of the premiums that were driven by bran, the dealer remains quite apathetic”, he comments.

Original content

“At the port, a good valuation of R$ 5.00/sack, leaving the port price at R$ 190.50. Inland, similarly to the port, good valuations were seen, most also at the bases of R$ 5.00/sack. Ijuí appreciated by R$ 5.00/sack as did Passo Fundo and Cruz Alta, prices were respectively R$ 181.00, R$ 182.00 and R$ 181.00. Only Santa Rosa appreciated below R$ 4.00/bag, and now stands at R$ 182.00, a position equal to Cruz Alta”, completes the consultancy. Santa Catarina, however, has falling prices and has no business. “As explained in the previous report, the situation in SC is quite complicated, the market tends to fluctuate between consecutive price maintenance and devaluations, part of which is an obvious reflection of the focus on activities other than sales. In addition, the producer looks for values above R$ 190.00 to proceed with any intention of sale, but in the last two weeks reaching such marks has proved to be increasingly difficult. Furthermore, São Francisco do Sul went to R$ ...
Source: Agrolink
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