Soyabean prices in January registered significant decreases in the Brazilian market, returning to the lowest values since January of last year, in real terms, that is, with adjusted inflation. According to the Center for Advanced Studies in Applied Economics (Cepea), the pressure is due to the significant devaluation of the dollar against the real, the estimates of lower Chinese demand and the reduction in US shipments, which impacted the international market. Given this scenario, the liquidity is low due to the retraction of the consulted producers, who show preference to store the grain to the detriment of commercializing in the current price levels. Future negotiations have also stagnated in the face of uncertainty about the volume to be harvested in Brazil, which may decline with a possible crop failure. The Esalq / BM & FBovespa indicator for soyabean in the port of Paranaguá (PR) registered a significant fall of 5.2% between December and January, with an average price of R $ 76.89 per bag, the lowest since January 2018. The Cepea / Esalq Paraná indicator also had the lowest real value in one year, at R $ 72.02 per sack, 4.7% lower than the December average.
Source: Canal Rural