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Cepea, June 4, 2024 – Soybean prices moved up in the domestic market in May, and the monthly averages are the highest of the year, in real terms.
The ESALQ/BM&FBovespa Index (Paranaguá) averaged BRL 135.92 per 60-kg bag in May, the highest of this year, in real terms (IGP-DI April), and moving up 7.2% compared to April. The CEPEA/ESALQ Index (Paraná) averaged BRL 130.84/bag, also the highest of 2024, in real terms, and an increase of 6.7% against the month before.
However, quotations decreased in late May because of the high supply in South America and of the good pace of sowing activities in the United States. In spite of the decrease of the output in Brazil this season, the final stage of the harvest and attractive prices have led sellers to increase the availability of soybean in the spot market.
According to data from Conab, 98.1% of the 45.7 million hectares planted in Brazil had been harvested up to May 26.
(Cepea-Brazil)
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Fonte: Cepea