Despite the drop in soybean prices, the pace of business increases

Soybean prices have fallen on the Brazilian market in recent days. According to Cepea researchers, the pressure came from the expectation of a large harvest in South America, lower external demand, progress in the trade agreement between the United States and China and the devaluation of the dollar. Even so, liquidity was higher, reflecting the interest of most soybean farmers in selling stored soybeans and also those already being harvested. 

This growing sales interest, in turn, is linked to current price levels. Even with the recent falls, the values ​​are still nominal records for this period. Between January 17th and 24th, the ESALQ/BM&FBovespa soybean indicators Paranaguá (PR) and CEPEA/ESALQ Paraná fell 1,6% and 1,9%, respectively, closing at R$86,00 and R$82,04 /sc of 60 kg on Friday, 24th. The dollar depreciated 0,6% in the week, to R$ 4,186 on Friday. www.cepea.esalq.usp.br