Soybean prices increase due to favorable exchange rate. Sales are registered

The Brazilian soybean market had a busy Thursday (25). The dollar favored the rise in prices and sales.

Good deals were reported in Rio Grande do Sul, São Paulo and Paraná. In Mato Grosso do Sul, some lots were also traded. Nationally, 80 to 100 thousand tons must have been sold today.

Check the quotes for the 60kg bag

• Passo Fundo (RS): rose from BRL 130 to BRL 133
• Region of Missions: increased from R$ 128 to R$ 131
• Port of Rio Grande: increased from BRL 138 to BRL 140
• Cascavel (PR): remained unchanged at R$ 126
• Port of Paranaguá (PR): increased from R$ 135 to R$ 137
• Rondonópolis (MT): rose from BRL 113 to BRL 115
• Dourados (MS): reduced from R$ 120.50 to R$ 120
• Rio Verde (GO): went from BRL 115.50 to BRL 118

Soy in Chicago

Soybean futures contracts traded on the Chicago Commodity Exchange (CBOT) closed Thursday with lower prices, reflecting greater risk aversion in the financial sector, arising from doubts about the definition of the US spending ceiling.

On a day of little business, operators are taking a stand against the long weekend. Monday (29) will be a holiday in the United States (Memorial Day).

The uncertainties brought down oil prices and supported the dollar against other currencies. This scenario is harmful to agricultural commodities and the soy complex felt this pressure.

Planting, for now, continues to evolve without major surprises in the United States, with favorable climate. However, for June, high temperatures and little rain are expected, which could compromise the production potential. However, for now, it’s still just speculation.

futures contracts

Photo: Envato

Soybeans for July delivery contracts closed down 0.50 cents or 0.03% at USD13.24 a bushel. The November position was quoted at $11.72 1/4 a bushel, with a loss of
12.75 cents or 1.07%.

In by-products, the July position of bran closed with a loss of US$ 5.00 or 1.24% at US$ 397.20 per ton. In oil, contracts maturing in July closed at 48.52 cents on the dollar, up 0.52 cents or 1.08%.

Exchange

The commercial dollar ended the session up 1.63%, trading at BRL 5.0330 for purchase and BRL 5.0350 for sale. During the day, the US currency fluctuated between a low of R$4.9450 and a high of R$5.0440.