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Consulting firm points to pressure on soybean prices.

The market of soy Prices are under pressure as excess moisture limits planting in some producing regions. According to TF Agroeconômica, the fall in Chicago prices and the weakening dollar reduces the support for offers in reais, amidst differing paces of crop planting.

In Rio Grande do Sul, the price per sack in Ijuí decreased by 0.34%, to R$ 145.00, while Passo Fundo maintained R$ 146.50. In the Santa Rosa region, sowing has reached 6% of the projected area, according to Emater/RS-Ascar. Moisture is restricting operations, and resumption depends on access and traffic conditions in each area.

In Santa Catarina, Abelardo Luz maintains the reference price of R$ 149.00 per sack, FOB condition. In Itapiranga, Epagri reports caution due to excess water and a preference by some producers for corn, a municipal situation that does not allow for a conclusion of an equivalent change throughout the State.

In Paraná, planting is practically paralyzed due to the rains. The latest survey by Deral indicates that 39% of the planned area has been sown, still within the schedule. The references are R$ 155.00 in Paranaguá, R$ 144.00 in Cascavel and R$ 148.00 in Ponta Grossa.

In Mato Grosso do Sul, Aprosoja/MS recorded 459.2 millimeters of rainfall in Dourados between the beginning of September and mid-October, raising concerns about soil saturation. Maracaju maintains an R$ of 138.00 per sack and Sidrolândia, R$ of 137.00.

Mato Grosso has 51,86% of planted area, after a weekly increase of 18.58 percentage points, according to Imea. In the spot market, Lucas do Rio Verde fell R$ 0.60, to R$ 135.30. Four other markets declined R$ 0.50. With lower prices, fixed expenses require more sacks, reinforcing the need to pay attention to payment and withdrawal deadlines.

 

THE MM Cereais works with the best grains on the market and also keeps you up to date with the latest news and analyses on agribusiness.
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