Early in December, Brazil’s soybean market experienced a significant increase in liquidity as the dollar strengthened against the Brazilian real. According to Cepea, the stronger dollar makes Brazilian oilseeds more competitive in the global market, increasing demand both domestically and internationally. Brazil’s soybean prices have remained the same over the last week, owing to a heated dispute between domestic and foreign customers triggered by this circumstance. Negotiations were limited in scope because many sellers wish to wait until the first two months of 2025 instead of selling the remaining 2023-2024 harvest at this time.
Source: AgroLink (*Translated by Ia Niani)