Soybean liquidity increases in Brazil and prices rise

Liquidity has increased again in the soybean market in recent days, as a result of greater demand, especially from abroad.

14.11.2022 | 14:05 (UTC -3)
Cepea
International and exchange rate appreciation, as well as derivatives, supported domestic soybean prices; Photo: Wenderson Araujo/CNA
International and exchange rate appreciation, as well as derivatives, supported domestic soybean prices; Photo: Wenderson Araujo/CNA

Liquidity has increased again in the soybean market in recent days, as a result of greater demand, especially from abroad, according to Cepea researchers. At the same time, international and exchange rate appreciation, as well as derivatives, supported domestic soybean prices, attracting sellers for new negotiations.

Between November 4th and 11th, the ESALQ/BM&FBovespa – Paranaguá Indicator rose 2,28%, closing at R$ 188,98/sc of 60 kg on Friday, 11th. The CEPEA/ESALQ – Paraná Indicator advanced 1,68 % in the same comparison, going to R$ 184,94/sc of 60 kg. The dollar, in turn, appreciated 6,1% against the Real, to R$5,341 on Friday.

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