Porto Alegre,\nJuly 28, 2020 \u2013 The year 2020 has really brought some variables that\nare outside of the natural rules of markets and their seasonality. Stock exchanges\ndo not fall sharply despite the global economic situation. Currencies with an\nuncertain trajectory in the face of the immense variables present in the\neconomy and politics. Commodities try to find positive demand factors to\ninhibit greater pressure on prices. The clear characteristic of this pandemic\nyear, without a doubt, is still the instability in all the market variables. In\nthe midst of this situation, a more difficult electoral process in the United\nStates is combined with growing political struggle with China, shaking the expectations\ntowards the economic environment in this second semester and, mainly, in the U.S.\npost-election. Besides, some importers try to fit Brazil to the rules imposed\nfrom the outside and without evaluating the Brazilian reality, with regard to\nthe environment, at the same time that we have foreign companies across the\nAmazon building ports, exploring wood, minerals, and transport logistics, besides\ncountless NGOs. Amid all this uncertain picture, the harvest of Brazil\u2019s 2020 corn\ncrop is advancing and with surprisingly firm prices. Partly, maintaining the derivation\nfrom port prices, still firm, partly due to the initial excess of corn\nretention by growers. Excess exports generally affect the future domestic\nsupply. Excess retention guarantees the future internal supply.<\/p>\n\n\n\n
\nThe global economic scenario continues with a dispersed environment\nbetween the stock exchange movement and the real economy. As the pandemic\ncontinues to advance, especially in the Americas, economic aspects continue to\nlimit a more optimistic short-term vision. Last week, the European Council\napproved a budget of around 1.0 trillion euros for 2021-2027 and the bailout of\n750 billion euros, from which 390 billion euros in subsidies and the remainder\nin loans to the countries most affected by the pandemic. The proposal reduces\nthe subsidies initially suggested by the European Commission, of 500 billion\neuros. The U.S. Congress may pass an additional stimulus of USD 1 trillion for\nits economy.<\/p>\n\n\n\n
Ag\u00eancia SAFRAS\nLatam<\/p>\n\n\n\n
Copyright 2020 – Grupo CMA<\/p>\n","protected":false},"excerpt":{"rendered":"
Porto Alegre, July 28, 2020 \u2013 The year 2020 has really brought some variables that are outside of the natural rules of markets and their seasonality. Stock exchanges do not fall sharply despite the global economic situation. Currencies with an uncertain trajectory in the face of the immense variables present in the economy and […]<\/p>\n","protected":false},"author":5,"featured_media":7673,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[102],"tags":[],"commodity":[],"class_list":["post-17378","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-agribusiness-en"],"acf":[],"yoast_head":"\n