Cepea, February 4, 2020 – Prices for soybean and its by-products dropped in the Brazilian market in January, due to devaluations at CME Group (Chicago Mercantile Exchange), lower demand in the domestic market, slower exports pace, expectations for a large crop in South America and a progress in the commercial agreement between the United States and China. Besides, the soybean harvesting is advancing in Brazil, and, thus, purchasers were postponing acquisitions, expecting lower prices in February. Purchasing needs from the industry were lower too, since most of them were receiving the product purchased back in 2019
Fonte: CEPEA
Quotes drop in Brazil, but record US dollar limits devaluations; liquidity is higher
Redaçãofev 04, 2020
Anterior:Although production is higher this season, prices are similar to the levels from Jan/19
Próxima:Firm demand boosts prices in Brazil in January
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