Soybean prices showed appreciation in the main regions of the country last week. With better prices, commercialization gained pace, despite being moderate. The gains in futures contracts in Chicago outweighed the fall of the dollar and supported domestic prices.
The 60-kilogram bag rose from BRL 183.50 to 185.00 in Passo Fundo (RS). In Cascavel (PR), prices increased from BRL 180.00 to 186.50, and in Rondonópolis (MT), from BRL 171.50 to 176.00.
At the port of Paranaguá, prices rose from BRL 190.00 to 193.00. Export premiums had a firm week again. Chinese demand ensured the high, with operations for both near and more distant shipments.
On the Chicago Board of Trade (CBOT), contracts maturing in November gained 4.08% over the week, ending Friday at USD 14.61 a bushel. Besides the good demand for US soybeans, supported by new sales to China, the little moist climate in the US growing belt caused some concern.
The week was also marked by the confusing disclosure of weekly US shipments, precisely in a period of good sales, mainly to China.
USDA took them off the air and must revise the data on the country’s weekly exports. In a statement, the Foreign Agricultural Service (FAS) encountered challenges that affected physical dissemination as well as information quality.