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Estimates for higher world inventories press down values in Brazil and in the USA

Cepea, June 16, 2021 – Soybean prices dropped in Brazil in the first fortnight of June, influenced by estimates from the USDA indicating higher world inventories in the 2020/21 and the 2021/22 seasons. In the United States, prices dropped in the recent days too, but the dollar depreciation against the Real limited steeper devaluations in the country – as it makes the American product more attractive to purchasers – and reduced liquidity in the Brazilian market.

 

Between May 31 and June 15, the ESALQ/BM&FBovespa Index Paranaguá (PR) dropped by 4
Fonte: CEPEA



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