EN 
PT_BR 
Bran soy The Brazilian futures contract stood out again in the international market this Thursday, September 17th, reaching its highest price in two and a half years. According to an analysis by Grão Direto, the December contract advanced by US$7.20 overnight, while... soy For November, prices remained close to the contract highs, above US$ 13 per bushel.
The movement occurs after a session of greater stability for soybeans in Chicago. On Wednesday, the oilseed reached its daily highs, but lost momentum and ended near stability. Meanwhile, soybean meal maintained its advance. Grain Direct This behavior is linked to lower-than-expected crushing figures in the United States, released by NOPA on Tuesday, to firm export demand, and to delayed harvesting in Iowa, which reduces availability for American crushers in the short term.
Another factor monitored by the market was the Federal Reserve's decision; the FOMC raised US interest rates on Wednesday, the first increase in three years. According to the report, the dollar fell slightly after the decision, while Fed Chairman Kevin Warsh reinforced the institution's commitment to disinflation.
In Brazil, the physical market showed a slower pace of business, according to Grão Direto. In Sapezal, in northwestern Mato Grosso, the soy The average price recorded was R$ 135.98 per sack FOB at the close of trading on Wednesday, September 16th. Since August 26th, the accumulated appreciation has reached R$ 6.21 per sack. Despite the recovery, the difference compared to the port of Paranaguá remains close to R$ 29 per sack. While Sapezal recorded an average of R$ 135.98, the soy The price available in Paranaguá was above R$ 165 per sack. The analysis attributes part of this difference to the logistical costs in the Mato Grosso region for transporting the product to the southern ports.
In the international market, Grão Direto is also monitoring the effects of the conflicts between Russia and Ukraine. The bulletin reports that Ukraine struck the Yaroslavl refinery with drones, while Russia attacked Ukrainian infrastructure, including the port of Izmail on the Black Sea. According to the analysis, oil remains above US$$ 100 per barrel, a movement that has supported soybean oil and biodiesel margins.
