Soybean market shows activity

In the state of Rio Grande do Sul, the high soybean prices at the ports are fostering optimism for the next harvest, according to information from TF Agroeconômica. "Prices reported for payment on 08/08 (delivery July to 07/08) were R$ 141.80 (+1.29%) per port. Buyers are looking more strongly at months further ahead. In the interior, factory prices followed the guidance of each market. R$ 133.00 Cruz Alta – Payment 29/08. R$ 132.00 Passo Fundo – Payment end of August. R$ 132.00 Ijuí – Payment 29/08 – for factory. R$ 132.00 Santa Rosa / São Luiz – Payment 11/09. Stone prices in Panambi remained at R$ 122.00 per bag to the producer," comments

In the state of Rio Grande do Sul, the high soybean premiums at the ports are sustaining optimism for the next harvest, according to information from TF Agroeconômica. "Prices reported for payment on 08/08 (delivery July to 07/08) were R$ 141.80 (+1.29%) per port. Buyers are looking more strongly at months further ahead. In the interior, factory prices followed the guidance of each market. R$ 133.00 Cruz Alta – Payment 29/08. R$ 132.00 Passo Fundo – Payment end of August. R$ 132.00 Ijuí – Payment 29/08 – for factory. R$ 132.00 Santa Rosa / São Luiz – Payment 11/09. Stone prices in Panambi remained at R$ 122.00 per bag for the producer," the consultancy comments. In Santa Catarina, the market heated up in terms of negotiations, with prices locked in. "The soybean market in Santa Catarina follows the national scenario of strong commercialization, driven by heated demand and favorable premiums at the ports. At the port of São Francisco, the bag of soybeans is quoted at R$ 137.99," ...