Soybean prices on the rise, dollar strengthened, and heated market; check the quotes

The Brazilian soybean market presented heated indications today, mainly at the port. According to analyst Rafael Silveira from consultancy Safras & Mercado, the day was marked by a dollar with significant increases, while soybeans declined on the CBOT, but not enough to nullify the exchange rate effect on prices. Premiums had few adjustments, resulting in price increases in most regions of the country. There were reports of better movements in trading, both for those who still had soybeans available and for the new crop. The rest of the week was quite slow, with no news and stalled. Everyone is waiting for the supply and demand report from the United States Department of Agriculture (USDA), which will be released next Tuesday, December 9. Soybean futures contracts closed lower this Friday on the Chicago Board of Trade (CBOT). It was the first weekly decline in eight weeks, a result of uncertainty about the size of Chinese demand for the American product. Traders are already ...