Soybean prices in Brazil and the US have fallen over the past week. Prices are under pressure due to South American soybean crop weather, which has led to record world production. Additionally, importers and local crusher companies have cut Brazilian soybean demand. Soybeans decreased by 0.38% to BRL 137.35 per bag (60 kg) in several Brazilian areas. Favorable weather forecasts may boost global productivity and lower expenses. Due to the predicted record harvest and declining domestic and international demand, the coming months will be essential for price recovery and market sustainability.
Sources: Agrolink/CEPEA (*Translated by Ia Niani)