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Dollar drops and reduces liquidity; low surplus limits devaluations in Brazil

Cepea, October 18 2018 – The sharp dollar drop against Real pressed down soybean quotes in Brazil in the first fortnight of October. However, low supply in the domestic market limited the downward trend of prices. Most farmers, who did not seem to be in need of cash flow and who had small volumes available for sale, retracted from trades – these agents are now focused on both sowing activities in Brazil and harvesting in the United States
Fonte: CEPEA



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