With lower liquidity and increased supply in South America, soybean prices fall

Cepea surveys show that soybean prices fell last week.

According to the Research Center, the pressure came from lower liquidity and the advance of the harvest in Brazil and Argentina. Not even the reactions in the Fob price at the port and in export premiums were enough to sustain domestic values.

The dollar's drop of more than 3% last week limited business involving the oilseed in the national spot market, as this scenario drove some Brazilian soybean farmers away from the market.

Cepea researchers explain that these sellers are cautious, betting on a recovery in prices in the following weeks, based on the possible intensification of shipments to China.

In fact, the greater availability of soybeans in the 2024/25 harvest should favor the flow from Brazil to the Asian country if the tariff war promoted by the United States continues, according to the Research Center.