In the short term, the trend is for the stabilization of soybean prices in the Brazilian market, according to consultancy Cogo – Inteligência em Agronegócio. “With the decline of the dollar in recent weeks, the export parity in ports decreased, reducing the prices paid in the interior of the country,” he says. In Paranaguá, since the peak registered last May 14, of R $ 116.27 per bag of 60 kilos, the export parity decreased 7.1% in reais. As a result, in the interior of Paraná, the producer FOB price decreased 3.4% in the last 30 days, but still accumulates highs of 17.5% in 2020 and 30.5% in the last 12 months. In the opposite direction, future quotes on the Chicago Stock Exchange are firmer, having accumulated an increase of 3% in the last 30 days. In addition, the completion of the soybean harvest in Argentina, the large North American stock and the favorable climate for cultivation in the United States put pressure on soybean values in Brazil.
Source: Canal Rural