EN 
PT_BR International soybean prices fell in early April, influenced by increased supply in South America and projections of acreage expansion in the United States. According to researchers from CepeaThis movement was transmitted to the Brazilian market and further intensified by the devaluation of the dollar against the real.
Until then, prices had remained firm, supported by the conflict in the Middle East and the significant appreciation of soybean oil. With the change in the external scenario and the exchange rate fluctuation, downward pressure gained strength in domestic grain trading.
In the derivatives market, the behavior is different. Soybean oil remains valued in Brazil, operating at levels similar to those observed in November of last year. According to Cepea, the price support is directly linked to the strong demand for biodiesel production.
Meanwhile, soybean meal continues its downward trend. Consumers consulted by researchers indicate they have sufficient stocks until mid-April and show no need for immediate replenishment. These agents expect further price decreases in the coming weeks.
This perception is linked to the industrial dynamics of crushing. For every ton of soybeans processed, approximately 190 kilograms of oil and 780 kilograms of meal are generated. With the increased demand for oil, there is a tendency for the supply of meal to increase in the market, a factor that contributes to additional pressure on the prices of this protein derivative.
