Cepea, May 6 2019 – Prices have dropped to new minimum levels in the Brazilian soybean market, due to the devaluations of the future contracts in the United States, expectations for a large crop in Argentina, and large output and lower demand in Brazil, from both the domestic and the international markets. It is important to mention that the price drops in Brazil were constrained by the US dollar appreciation and the fast exports pace for soybean, which stabilized exports premiums.
In this scenario, between March 29 and April 30, the ESALQ/BM&FBovespa soybean Index at Paranaguá decreased 4
Fonte: CEPEA
