The soybean market is at a standstill.

The Rio Grande do Sul soybean market is virtually paralyzed, with producers avoiding signing forward sale contracts, according to TF Agroeconômica. “For payment in December, with delivery in December, prices at the port were reported at R$ 142.00/sc (+0.71%) weekly, while in the interior the references were around R$ 133.02/sc (+0.51%) weekly in Cruz Alta, except for Santa Rosa at R$ 136.00. Already in Panambi, the physical market presented maintenance, with the stone price retreating to R$ 122.00/sc, signaling greater local resistance to the buying pace,” it comments. Santa Catarina consolidates itself as a net importing state of soybeans. “The port infrastructure shares space between export operations and the receipt of grains intended for state consumption. At the port of São Francisco, the sack of soybeans is quoted at R$ 142.51 (+0.49%),” it completes. Paraná presents the most balanced and robust situation in the South region. “In Paranaguá, the price reached R$ 143.02 ...