Producers sell soybeans out of cash needs. See quotes


The Brazilian market for soy had mixed prices this Wednesday (31). The Chicago Stock Exchange spent much of the session in negative territory, but reversed at the end.

The dollar also had a mixed day. Isolated businesses were observed in Brazil. Analysts Crops & Market see an improvement in movement at ports this week.

Producers are releasing more batches, pressured by the need to save money.

See available soybean prices

  • Passo Fundo (RS): continued at R$ 120
  • Missions Region: stabilized at R$ 119.50
  • Port of Rio Grande: fell from R$124 to R$123
  • Cascavel (PR): remained at R$ 109
  • Port of Paranaguá (PR): remained at R$ 118
  • Rondonópolis (MT): remained unchanged at R$105
  • Dourados (MS): decreased from R$103 to R$102
  • Rio Verde (GO): went from R$101 to R$103

Soy in Chicago

Soybean futures contracts traded on the Chicago Board of Trade (CBOT) closed Wednesday with higher prices, on a day of great volatility.

In the last session of the month, investors sought to adjust their portfolios, reducing the losses accumulated in January (5.84% in the March position).

The market started the day under pressure. Agents sought to make profits, following the sharp gains recorded the day before.

But the sessions, both yesterday and today, are about positioning. The fundamental scenario remains negative for prices, which reached their lowest levels in two years recently.

The ample supply, with the arrival of the Brazilian harvest and the positive expectation for Argentine production, meets a picture of concern about Chinese demand. Recent data show a slowdown in the economy of the Asian country, the main buyer of the commodity.

To top it off, there is also the Lunar Year holiday, a period with virtually no Chinese demand.

Futures contracts

Soybean grain contracts for delivery in March closed up 3.50 cents, or 0.28%, at US$ 12.22 1/4 per bushel. The May position was quoted at US$ 12.32 3/4 per bushel, with a gain of 5.00 cents or 0.40%.

In by-products, the March bran position closed with an increase of US$ 5.30 or 1.46% at US$ 368.30 per ton. In oil, contracts expiring in March closed at 46.02 cents on the dollar, an increase of 0.02 cent or 0.04%.


The commercial dollar ended the session down 0.19%, trading at R$4.9358 for sale and R$4.9337 for purchase.

During the day, the North American currency fluctuated between a minimum of R$4.9254 and a maximum of R$4.9652. During the month, it appreciated by 1.73%.

The article is in Portuguese

Tags: Producers sell soybeans cash quotes



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