The Brazilian soybean market this Tuesday (30) did not bring any major news. According to Safras Consultoria, a retraction was observed on the part of producers, which resulted in stabilization of prices throughout the day, with opposite fluctuations between the dollar and Chicago.
There were some opportunities throughout the day, with reports of occasional negotiations at ports, although these were limited. As for the industry, little agitation, indicating a slow trading session.
- Passo Fundo (RS): remained at R$ 123
- Missions Region: continued at R$ 122
- Port of Rio Grande: fell from R$130 to R$129.50
- Cascavel (PR): fell from R$123.50 to R$123
- Port of Paranaguá (PR): continued at R$ 130
- Rondonópolis (MT): continued at R$ 116
- Dourados (MS): remained at R$ 115
- Rio Verde (GO): remained stable at R$ 114
Soy in Chicago
You soybean futures contracts traded on the Chicago Mercantile Exchange (CBOT) closed Tuesday with lower prices. The combination of fundamental factors and the climate of risk aversion in the global financial market brought pressure to prices.
The advance of planting in the United States continues to be a bearish factor. The United States Department of Agriculture (USDA) released a report on the progress of planting soybean crops.
Until April 28, the planted area was estimated at 18%. In the same period last year, sowing was 16%. The average is 10%. The previous week, the percentage was 8 points.
The fall in oil and the appreciation of the dollar against other currencies completed the negative scenario. Tomorrow (1), the American central bank will define the future of its monetary policy and the climate of risk aversion has taken over the market.
Futures contracts
Soybean contracts for delivery in May closed down 15.25 cents, or 1.31%, at US$11.45 1/2 per bushel. The July position was quoted at US$11.63 per bushel, with a loss of 10.00 cents or 1.6%.
In by-products, the July bran position closed with a drop of US$ 2.40 or 0.67% at US$ 351.90 per ton. In oil, contracts expiring in July closed at 43.01 cents, down 1.36 cents or 3.06%.
Exchange
The commercial dollar closed up 1.50%, trading at R$5.1920 for sale and R$5.1899 for purchase. During the day, the North American currency fluctuated between a minimum of R$5.1149 and a maximum of R$5.1929. During the month, the US currency appreciated 3.55%.
