Brazil: Soy recovers in the South, less so in Rio Grande do Sul
Soybean
Brazil
Published Mar 29, 2023
Tridge summary
The soybean market in the state of Rio Grande do Sul had a day of expressive drops of up to R$ 3.00/sack, according to information released by TF Agroeconomia. “The market returned to record highs today in Chicago, pulled by bran, thus recovering another part of the lows of last week. In the Rio Grande do Sul market today, a trading company ended up pushing prices up”, he comments. “At the port, the price indicated for payment in May is R$ 157.50 on wheels at the best time. This represents an increase of R$ 1.00/bag. Inland, in these regions today brought price maintenance - in Cruz Alta the price remains at R$ 150.00. In Ijuí it costs R$ 150.00. In Santa Rosa, as well as in São Luiz, prices remain at R$ 151.00. In Passo Fundo, finally, the price remained at R$ 151.00”, he adds. In Santa Catarina, the improvement of R$ 1.00/bag in prices is already enough for the exit of business. “As I said yesterday, prices entered an upward trend with Chicago on a valuation march.
Original content
Today prices continued this trend and appreciated considerably even in the face of the devaluation of the dollar, as a result, SC was able to sell 4,000 tons. In the port of São Francisco do Sul, the price was R$ 155.00 for April with immediate delivery, marking an increase of R$ 1.00/sack”, he indicates. In Paraná, prices recover by up to 2.00/sack and deals continue to go out. “Continuing the week, prices continue to recover, driven especially by Chicago. Last week, queues of ships caused huge flow that apparently remains ...
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