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Brazilian soy had a slow market before the holiday

Posted by Rafael Moro

Image: Pixabay

The soybean market in the state of Rio Grande do Sul had a very slow day before the Corpus Christi holiday, with only 5,000 tonnes reported, according to information released by TF Agroeconomic. “The excitement went away as quickly as it arrived, yesterday 35,000 tons were traded in the market, today prices fell again and only 5,000 tons were traded, around R$3.00/bag were lost from yesterday to today. Furthermore, stone prices have not changed, remaining at R$159.00/bag and it is estimated that sales in the state have reached 52% at the end of last month”, comments the consultancy.

In Santa Catarina, the market was frozen, with prices falling by R$2.00/bag. "There was no movement in the Santa Catarina soy market and prices fell again, time is not good for the seller, time is not good for the buyer, the state's commercialization should already reach 80% and those who have not sold so far are those who do not need immediate liquidity will soon wait for the best prices”, he completes.

In Paraná, the market fell by R$2.00/bag, with no deals. “Mercado Paranaense will not improve until freight becomes more viable for the buyer or prices fall enough for profit margins to make sense. For now, it seems that soybeans will be falling, but that depends a lot on the productivity of the US, which could fail due to climatic problems, it is necessary to wait and observe”, she says.

In Mato Grosso do Sul we also had no business, but we saw a drop of R$1.00 in prices. "Very defensive posture on the part of southern Mato Grosso sellers, in the present situation it takes a lot of business sense to make a decision, the logic of the region is similar to SC, sales are already quite high and only those who wanted to wait have not sold yet to appreciate, however, the concern of loss of value is present and in any high that appears, something has come out, yesterday was an example of this, with 10,000 tonnes being traded”, he concludes.

By: Leonardo Gottems | Agrolink

This text was automatically translated from Portuguese.