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High demand and impaired logistics in Argentina push up prices in Brazil

Cepea, April 2, 2020 – Firm demand from both the Brazilian and the international markets, futures valuations at CME Group (Chicago Mercantile Exchange) and the strong US dollar pushed up soybean prices in Brazil in March. Besides, in an attempt to fight the coronavirus outbreak, the Argentinean government reduced activities at ports, which may favor the Brazilian exports of soybean and its by-products.

 

In Argentina, soybean harvesting started late in the month, reaching, on March 26, 4
Fonte: CEPEA



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