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Soybean prices surpass 90 BRL at Brazilian ports; processors reduce crushing

Cepea, November 19, 2019 – Prices for the 60-kilo bag of soybean surpassed 90 BRL at Paranaguá port (PR) in the first fortnight of November. The boost came from the retraction of most growers, – who, in light of the uncertainties regarding the 2019/20 crop, preferred to keep the remaining beans from the 2018/19 crop – and the firm demand from both Brazilian processors and the international market.

 

Higher international demand, in turn, was linked to the US dollar appreciation against Real (by 4
Fonte: CEPEA



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