With few operations carried out in the domestic market, soybean prices in Brazil showed nominal values this Wednesday (13), with a slight drop in prices, after the negative movement observed on the Chicago Stock Exchange. The low supply of soybeans in the country has kept negotiations limited, and producers expect better prices in the future.
Soybean prices in Brazil
- Paso Fundo (RS): R$ 135.00
- Misiones Region (RS): R$ 134.00 per bag
- Port of Rio Grande (RS): fell from R$ 144.00 to R$ 143.50 per bag
- Cascavel (PR): fell from R$ 140.00 to R$ 138.00 per bag
- Port of Paranaguá (PR): fell from R$ 145.00 to R$ 144.50 per bag
- Rondonópolis (MT): fell from R$ 154.00 to R$ 153.00 per bag
- Dorados (MS): fell from R$ 142.00 to R$ 141.00 per bag
- Green River (GO): R$ 138.00
chicago
Soybean futures contracts traded on the Chicago Board of Trade (CBOT) closed lower this Wednesday, reflecting the pressure of the North American crop entering the market.
In addition, the strengthening of the dollar abroad negatively affected US exports, making the product more expensive for foreign buyers. The expectation of rising inflation in the United States also contributed to the drop in prices.
Soybean futures contracts
Soybean futures expiring in January 2025 settled at $10.07 3/4 per bushel, down 2.75 cents, or 0.27%. Contracts expiring in March 2025 closed at $10.18 1/2 per bushel, down 4.00 cents or 0.39%.
The drop was also observed in byproducts, with soybean meal (December 2024) priced at US$ 291.60 per ton, with a reduction of US$ 1.30 or 0.44%, while soybean oil (December 2024 ) closed at 45.18 cents per pound. with a drop of 1.05 cents or 2.27%.
Exchange
The commercial dollar closed the session with an increase of 0.33%, trading at R$ 5.7926 for sale and R$ 5.7905 for purchase. During the day, the North American currency oscillated between a minimum of R$ 5.7231 and a maximum of R$ 5.8186.
