The rising dollar sustains soybean prices in Brazil, which reach R$ 140 at the ports.

The Brazilian soybean market presented a stronger day, driven by the advance of the dollar and the appreciation of prices at the ports. According to analyst Rafael Silveira, from Safras & Mercado, prices reached a level of R$ 140.00, reflecting a more upbeat scenario for producers. "In Minas Gerais, prices remain firm, well above parity, and in Goiás as well," he explained. In Paraná, the analyst observed good prices from the buyer side, while producers took advantage of the best moments of the exchange rate throughout the day. Silveira highlighted that the Chicago Board of Trade (CBOT) fell sharply, but the appreciation of the dollar helped to sustain the physical market. "The premiums moved little, but overall, prices were better," he assessed. The marketing of the new crop, however, continues with few indications. The soybean futures contracts closed with a strong decline on Friday at the Chicago Board of Trade (CBOT), pressured by statements from American President Donald ...