External and dollar appreciation increased soybean prices in Brazil

Foreign and dollar appreciation increased soybean prices in Brazil and increased domestic liquidity, according to information from Cepea. The expectation of greater domestic consumption also influenced the increase in prices.

From June 3rd to 10th, the CEPEA/ESALQ – Paraná and ESALQ/BM&FBovespa – Paranaguá (PR) indicators rose 4,26% and 4,24%, with respective closings of R$ 194,93/sc and R$ 200,25 .60/sc of XNUMX kg on Friday.

In the external scenario, firm external demand, especially from China, for US soybeans and the hot and dry climate in the North American Midwest boosted oilseed prices last week. Between June 3 and 10, the dollar appreciated 4,12% against the Real, reaching R$4,981 on Friday.