With sellers away from market, quotes increase in the Brazilian market

Cepea, May 20, 2020 – The dollar appreciation against Real increased the competitiveness of the Brazilian soybean in the international market, primarily against the American product. This scenario has pushed up the domestic prices for soybean, which have been on the rise since early in the season – it is worth to mention that this context has encouraged soybean growers to trade a large amount of the crop during the harvesting. Now, with the low volume of soybean remaining in Brazil, uncertainties about the commercial relation between the United States and China and the lower exports incentives in Argentina, prices skyrocketed in the Brazilian market in the first fortnight of May, hitting new nominal records in some of the regions surveyed by Cepe
Fonte: CEPEA


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