Brazilian soybean exports totaled 22.09 million lots within the first quarter, a file for the length and 15.7% upper than shipments in the similar length of 2023, in keeping with Secex information.
Trade stakeholders consider shipments of home soybeans must proceed to be robust, in response to the greenback’s appreciation in opposition to the actual. The common value gained for overseas gross sales of soybeans within the first quarter of 2024 used to be R$ 136.30 in line with 60 kg bag, the bottom for the length since 2019.
Locally, customers are proscribing purchases, conscious about the better provide in Argentina and the conceivable want for Brazilian manufacturers to disencumber warehouse house. Dealers, in the meantime, stay wary in negotiations involving huge volumes, because of decrease productiveness and the prime prices of the present crop.
April 8, 2024/ CEPEA/ Brazil.
https://www.cepea.esalq.usp.br