Soybean values ​​fall on the domestic market and liquidity remains low

Soybean prices fell in the Brazilian market last week, pressured by the devaluation of the dollar, the weakening of the export premium and estimates indicating a record 2022/23 harvest in Brazil – forecast at 152,71 million tons by Conab and at 153 million tons by the USDA.

As a result, liquidity remains low in the Brazilian market. The falls, however, were limited by the absence of sellers in the spot market. This is because, according to Cepea employees, soybean farmers are focused on field activities and show no interest in negotiating the remainder of the 2021/22 harvest.