Despite the recent increase in the price of soyabeans in the domestic market, oilseed prices in the partial of the month are the lowest since January 2019. The projection was made by the Center for Advanced Studies in Applied Economics (Cepea) and does not take into account the change in inflation. Cepea explains that this is due to the lower demand of Brazilian industries, since a large portion has guaranteed the lots by term contract and traded few volumes in spot (spot market). In addition, the acquisitions are for consumption in the medium term, since agents expect lower prices. Last week, oil prices rose slightly, driven by the appreciation of the dollar against the Brazilian currency. The relative stability of premiums and the increase in quotas in port warehouses have also increased liquidity in the market.
Source: Canal Rural