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Soybeans do not meet orders and business is at a standstill

Posted by Rafael Moro

Image: Pixabay

In the state of Rio Grande do Sul, the soy market did not move yesterday, as prices did not meet farmers' requests, even rising, according to information released by TF Agroeconomic. “For October delivery and April/May 2022 delivery hit R$184.50 CIF Porto, this for the best moment. Stone prices were worth R$157.00 in Panambi, keeping the previous prices. In the lot market, as can be seen in the table on the side, prices have stabilized, maintaining the same levels as the previous day”, he comments.

In Santa Catarina, prices rise, but the producer is absent from the market again. “The market moves on to another extremely calm day in Santa Catarina, with an almost absolute lack of business. Values ​​improved a little compared to the previous day, with soybeans going to R$175.00 spot and varying up to R$174.50 for November 30th, but the producer retreated to observe, leaving the day with nothing in sales for soybeans", complete.

In Paraná, prices go through small drops and producers withdraw. “The producer, already very defensive, ends up staying out of the market. The lots in Ponta Grossa and Paranaguá rose by around R$1.00/sack compared to the previous day, as can be seen in the table on the side. At these prices, however, and after frustration with Chicago, the values ​​negotiated did not go beyond the minimums expected in the railroad. Only punctual volumes at values ​​below the lots”, he indicates.

In Mato Grosso do Sul, producers participated more in the market. “With the strong presence of trading companies, the market did well in terms of established prices. The day ended with excellent sales, around 35,000 tons of soybeans were traded, an unexpected volume at a time like this”, he concludes.

By: Leonardo Gottems | Agrolink

This text was automatically translated from Portuguese.