In the soybean market in the state of Rio Grande do Sul, a day of general declines of up to 4.00/bag was recorded, according to information released by TF Agroeconomia. “Rumors that the Argentine harvest may be less than 30.0 million/tons in soybeans, set the bullish tone of the day in Chicago, mainly in bran, which rose 2.50% today alone. In theory, the break in Argentina will greatly benefit the crushing companies in Rio Grande do Sul, as there will be a lot of coverage for bran shipments, via Rio Grande terminals”, he comments. “At the port, the indication of price for payment in March is R$ 175.00 on wheels at the best time. This represents a drop of R$ 2.50/bag. In the cities of Cruz Alta and Ijuí, prices were R$ 167.00 and R$ 168.00 respectively, with lows of R$ 4.00 and R$ 2.00, respectively”, he adds. Santa Catarina has prices at a standstill, while business is still very punctual. “Following some sizable gains seen throughout the past week, but without much momentum in business.
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The producer's focus remains on the harvest until prices rise by at least R$ 3.00/bag. In the port of São Francisco do Sul, the price was R$ 173.00 for March with delivery still in March”, he indicates. Business was minimal in Paraná, which had a single variation only in Ponta Grossa. “The market remains sluggish, continuing with harvesting and planting whenever possible and being heavily hampered by excessive humidity that damages the crop. Other than that, very specific increases are still being seen, but without much foundation, as premiums are devalued. Cif Paranaguá at R$ ...
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