Soyabean prices rose sharply in August in the main squares of the country, also influencing the pace of trade. The support was guaranteed by the high of the US dollar in the week that should close with an increase of almost 10%. Premiums also contributed, while Chicago futures fell. Price in Brazil: The 60-kilo bag rose 12.7% in August, from R $ 74.50 to R $ 84 in Passo Fundo (RS). In Cascavel (PR), the price went from R $ 73 to R $ 83 (+ 13.7%). In the port of Paranaguá, the price jumped from $ 79 to $ 89 (+ 12.6%).
In Rondonópolis (MT), the bag advanced 17.5%, from $ 68.50 to $ 80.50. In Dourados (MS), the price went from $ 69.50 to $ 79 (+ 13.7%). In Rio Verde (GO), the price rose from $ 71 to $ 78.50 (+ 10.5%). The commercial US dollar appreciated 9.27% in August, from R $ 3,818 to R $ 4,172. The intensification of the US-China trade war and the threat of global recession have prompted investors to look for safer options like the US dollar.
Source: Canal Rural