Soybean prices on the Brazilian spot market experienced a notable drop over the last week, mainly influenced by factors related to the international devaluation of the oilseed. According to researchers from the Center for Advanced Studies in Applied Economics (Cepea), a series of elements contributed to this negative pressure on prices. In the United States, the world's largest soybean producer, despite soybean supply reaching its lowest level in four years, the harvest is occurring at an accelerated pace. This scenario has had a significant influence on grain prices, as the potentially lower supply is offset by increased production and availability on the global market. Furthermore, the appreciation of the dollar in relation to the Brazilian Real has contributed to the fall in prices.
Soybean prices on the Brazilian spot market experienced a notable drop over the last week, mainly influenced by factors related to the international devaluation of the oilseed. According to researchers at the Center for Advanced Studies in Applied Economics (Cepea), a series of elements contributed to this negative pressure on prices. In the United States, the world's largest soybean producer, despite soybean supply reaching its lowest level in four years, the harvest is occurring at an accelerated pace. This scenario has had a significant influence on grain prices, as the potentially lower supply is offset by increased production and availability on the global market. Furthermore, the appreciation of the dollar in relation to the Brazilian Real has contributed to the fall in prices. The strengthening of the dollar makes US commodities less attractive to importers, including Brazil, which reduces demand for imported soybeans. Another factor that accentuated the downward pressure ...
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