Estimates for higher soybean supply in the United States press down quotes in BR

Cepea, August 17 – Prices of soybean and soymeal dropped in the first fortnight of August, reflecting expectations for a large crop in the United States, weakened international demand and the acquisition of batches only for prompt-delivery in the Brazilian market. Besides, dollar drops against Real early in the month increased again the gap between asking and bidding prices, reducing liquidity in Brazil. Soy oil quotes, in turn, had slighter drops, due to the good pace of exportations and expectations for higher demand from the biodiesel sector in Brazil
Fonte: CEPEA


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