The Brazilian soybean market had a day of little movement due to the fall in Chicago. Specific transactions were recorded, with some prices finding support in the rise of the dollar. During the week, the volume traded in Brazil improved and was between 150 thousand and 200 thousand tons. See available soybean prices
Passo Fundo (RS): the 60-kilo bag remained at R$ 171.00
Região das Missões: the price stabilized at R$ 170.00
Port of Rio Grande: the price rose from R$ 174.50 to R$ 178.00
Cascavel (PR): the price appreciated from R$ 166.00 to R$ 166.50
Port of Paranaguá (PR): the bag increased from R$ 172.50 to R$ 173.00
Rondonópolis (MT): the bag went from R$ 159.00 to R$ 160.00
Dourados (MS): the price remained at R$ 157.00
Rio Verde (GO): the bag rose from R$ 154.00 to R$ 157.00
Soybeans on the Stock Exchange Chicago
Soybean futures contracts traded on the Chicago Mercantile Exchange (CBOT) closed Friday (27) with lower prices, reducing the weekly gain in the March position to around 0.25%.
A combination of factors contributed to the decline. The improvement in the weather in Argentina, with the return of rains and the interruption of the decline in the crop’s production potential, triggered a movement of technical sales. The likely large Brazilian harvest and the drop in oil prices contributed to the correction.
Soybean contracts for delivery in March closed down 14.00 cents or 0.91% at US$ 15.09 1/2 per bushel. The May position was quoted at US$ 15.04 1/2 per bushel, with a loss of 10.25 cents or 0.67%.
In byproducts, the March position for bran closed with a drop of US$ 3.60 or 0.75% at US$ 473.50 per ton. In oil, contracts maturing in March closed at 60.62 cents, with a loss of 0.17 cents or 0.27%.
Exchange
The commercial dollar closed the session up 0.74%, trading at R$ 5.1130 for sale and R$ 5.1110 for purchase. During the day, the US currency fluctuated between a low of R$ 5.0560 and a high of R$ 5.1170. During the week, the commercial dollar accumulated a drop of 1.81%.
Source: Canal Rural