Soybean prices rise again strongly in Brazil

Soybean prices rose again with some strength in Brazil and on the foreign market. According to Cepea researchers, the values ​​were driven by data from the USDA indicating planted area in the United States and stocks below what agents expected. The appreciation of the dollar against the Real also influenced the recovery movement in Brazil.

From June 25th to July 2nd, the ESALQ/BM&FBovespa – Paranaguá Indicator rose a strong 10,44%, to R$ 164,28/sc of 60 kg on Friday, 2nd, and therefore recovering part of the losses observed in June – it is worth remembering that, on June 25th, this indicator closed at R$148,74, the lowest nominal level since December/20.