Soybean prices reach R$ 139 per sack in Brazil.

The price of soy It gained strength in the international market and rose again in Brazil in the week ending August 20. According to data released by the International Center for Economic Analysis and Agricultural Market Studies, CEEMA, the first soybean futures contract in Chicago closed Thursday at US$$ 12.20 per bushel, while the price per sack in the Brazilian market reached R$$ 139 in some regions.

The reaction occurred after the soy The price surpassed the US$ mark again, surpassing 12 per bushel on the Chicago Board of Trade. A week earlier, the benchmark price was 11.68. According to the International Center for Economic Analysis and Agricultural Market Studies (CEEMA), heavy rains in the US Midwest have increased concerns about crops and helped support prices.

The condition of North American crops has also begun to attract more attention, according to data released by the International Center for Economic Analysis and Agricultural Market Studies, CEEMA. 61% of the crops were classified as good to excellent, down from 68% recorded in the same period last year. Despite this, crop development remains ahead of schedule, with 85% of the areas forming pods as of August 16, compared to an average of 80%.

Another factor observed by the market is demand. The crushing of soy In the United States, it reached 5.9 million tons in July, a volume 11% higher than that recorded in the same month of 2025. The result, however, fell short of the 6.03 million tons expected by the market, according to the International Center for Economic Analysis and Agricultural Market Studies, CEEMA.

China continues to buy US soybeans, but doubts remain about whether the annual volume of 25 million tons agreed upon between the two countries will be met. According to the International Center for Economic Analysis and Agricultural Market Studies (CEEMA), citing Bloomberg, the pace of purchases has increased in recent weeks, but buying is concentrated in Chinese state-owned enterprises.

In Brazil, the advance in Chicago found additional support in the exchange rate between R$ 5.15 and R$ 5.20 per dollar and in firm premiums at ports. According to data released by the International Center for Economic Analysis and Agricultural Market Studies, CEEMA, soybeans were traded between R$ 128 and R$ 129 per sack in the main markets of Rio Grande do Sul. In other regions of the country, prices ranged between R$ 128 and R$ 139 per sack. For the 2026/27 Brazilian crop, which begins to be sown in September, production could reach 181.7 million tons. According to the International Center for Economic Analysis and Agricultural Market Studies (CEEMA), citing Hedgepoint Global Markets, the projection considers an area of 49.2 million hectares and an average productivity of 3,690 kilograms per hectare, provided that climatic conditions are favorable.