HIGH DOLLAR BOOST SOY PRICE IN BRAZIL

Domestic soybean prices rose this week as the trade dollar soared. But the pace of business was only moderate. Producers hope for even better quotes. Queries made by Safras & Mercado indicate deals involving 10K tons in Minas Gerais and another 20K in Bahia, for new crop. In Passo Fundo (RS), the 60-kilo bag rose from R $ 83.00 to R $ 84.50. In the region of Missions, the price advanced from $ 82.50 to $ 84.00. In the port of Rio Grande, the price increased from R $ 88,00 to R $ 89,50. In Cascavel, Paraná, the price went from $ 83.00 to $ 83.50 per bag. In the port of Paranaguá (PR), the bag rose from $ 88.50 to $ 89.50. In Rondonópolis (MT), the bag advanced from $ 80.00 to $ 82.00. In Dourados (MS), the price increased from $ 81.50 to $ 83.00. In Rio Verde (GO), the bag followed at $ 80.00.
Source: Canal Rural