News

Brazil: With greater buyer interest, soy has a firmer price this week

Soybean
Brazil
Sustainability & Environmental Impact
Market & Price Trends
Published Feb 26, 2024

Tridge summary

Soybean prices saw an uptick last week due to increased demand in both domestic and foreign markets, as per Cepea researchers. This surge is linked to a decrease in sales and a potential drop in soybean crop productivity in Argentina, caused by unfavorable weather conditions. However, recent rainfall and predictions of increased humidity may aid recovery in some affected regions. Despite these challenges, a substantial harvest is still anticipated in South America, which has kept a check on the price increase.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Soybean prices were firmer last week. According to Cepea researchers, domestic demanders increased the values of their purchase offers for the domestic and/or foreign markets. This stance is due to the retraction in sales and the possibility of a drop in the productivity of soybean crops in Argentina, given the unfavorable weather (heat wave) between the end of January and the beginning of February. On the other hand, recent rains and forecasts of greater humidity in the coming days could ...
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