Soybean prices falling; see prices in Brazil

Soybean prices in Brazil fell due to adjustments to export parity and a bearish market, with the Chicago Stock Exchange also experiencing a decline. The forecast of rain in Argentina to alleviate water stress and the good development of crops in Brazil further pressured prices. Meanwhile, U.S. soybean exports for the 2024/25 season totaled 569,100 tons, with 132,000 tons sold to China. The commercial dollar closed the session up 0.50%, trading at R$6.0546 for sale and R$6.0526 for purchase.

Soybean prices fell in Brazil this Thursday (16), adjusting to export parity. The Chicago Stock Exchange also fell, premiums are negative and the dollar is unable to offset the bearish scenario. When deals occurred, they were isolated, with sellers holding back. Soybean futures contracts traded on the Chicago Mercantile Exchange (CBOT) closed with sharply lower prices. The forecast of rain for Argentina, alleviating water stress in that country, and the good development of crops in Brazil put pressure on prices. Private North American exporters reported to the United States Department of Agriculture (USDA) the sale of 132,000 tons of soybeans to China, to be delivered in the 2024/25 season. Net U.S. soybean exports for the 2024/25 season, which began on September 1, totaled 569,100 tons in the week ending on ...