With heated global demand, soybean prices continue to rise

You soybean prices continue to rise in the United States and Brazil, influenced especially due to firm global demand. The oilseed is traded above US$ 16,00/bushel on the CME Group (Chicago Stock Exchange) and at nominal record levels in Paraná (CEPEA/ESALQ Indicator).

Second Cepea researchers, appreciation in the international market is also linked to concerns about the dry climate and forecasts indicating low temperatures, which increase the risk of frost in the United States. It is noteworthy that, In Brazil, prices were unable to fully absorb the external advance. In addition of the devaluation of the dollar against the Real, the harvest of the national crop is still is ongoing and there has been a drop in export premiums.