With no\nsupply and the growers\u2019 restrained stance, the Brazilian soybean market has\nbeen showing price distortion and scarce business in the main regions of the\ncountry. The prices are practically nominal, and sales are limited to very\nrestricted volumes. Prices charged internally continue to set records.<\/p>\n\n\n\n
Last week in\nPasso Fundo (RS), a 60-kg bag went up to BRL 117.00. At the port of Rio Grande,\nprices reached BRL 120.00.<\/p>\n\n\n\n
In\nCascavel, Paran\u00e1, prices rose to BRL 112.50 a bag. At the port of Paranagu\u00e1 (PR), a bag\nincreased to BRL 117.50. In Rondon\u00f3polis (MT), prices remained at BRL 112.00.\nIn Dourados (MS), at BRL 112.00. In Rio Verde (GO), a bag rose to BRL 108.00.<\/p>\n\n\n\n
On the\nChicago Board of Trade (CBOT), last week was positive. The contracts maturing\nin November reacted and are around USD 9.00 per bushel. Despite the good\ndevelopment of U.S. crops, the market was driven by the good demand for U.S.\nsoybeans.<\/p>\n\n\n\n
The United\nStates Department of Agriculture (USDA) has announced sales by private\nexporters to the Chinese market almost on a daily basis. Since the 13th,\noperations involving 1,883 million tons for China and 868,300 tons for\nundisclosed destinations have been confirmed.<\/p>\n\n\n\n
U.S. net soybean\nexports for the 2019\/20 season, started on September 1, stood at 365,200 tons\nin the week ended July 16. That represents an increase of 17% over the previous\nweek and a decrease of 31% from the four-week average. China led imports, with\n209,900 tons.<\/p>\n\n\n\n
For the\n2020\/21 season, exports hit 2,300,500 tons. Analysts were expecting exports\nbetween 1.7 and 2.7 million tons, considering both the seasons.<\/p>\n\n\n\n
The\ndollar, on the other hand, had an opposite trajectory last week, accumulating\ndevaluation in the face of a more positive economic scenario \u2013 at least in the\nfirst part of the week, when news about financial aid in Europe and progress in\nthe search for a vaccine for coronavirus brought the U.S. currency down against\nthe real. On Thursday and Friday, the geopolitical tension between China and\nthe United States caused the currency to rise again, ending above BRL 5.20.<\/p>\n\n\n\n
Brazilian\nexport premiums continued the positive trend, reaching between 148 and 165\npoints above Chicago for September.<\/p>\n","protected":false},"excerpt":{"rendered":"
With no supply and the growers\u2019 restrained stance, the Brazilian soybean market has been showing price distortion and scarce business in the main regions of the country. The prices are practically nominal, and sales are limited to very restricted volumes. Prices charged internally continue to set records. Last week in Passo Fundo (RS), a 60-kg […]<\/p>\n","protected":false},"author":6,"featured_media":17385,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[95],"tags":[],"commodity":[],"class_list":["post-17384","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-highlights-en"],"acf":[],"yoast_head":"\n