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Cepea, August 5, 2024 – The high 2023/24 supply in South America and expectations that the 2024/25 season may also be high in the Northern Hemisphere pressed down values in both the domestic and international markets in late July. Due to price drops, Brazilian producers were away from closing trades involving large amounts. They were also focused on the significant exchange rate fluctuation at the end of the month, which can favor sales in the coming months.
Despite recent oscillations, the US dollar rose 1.32% against Real between June 28 and July 31, closing at BRL 5.662.
The ESALQ/BM&FBovespa Index (Paranaguá) dropped 1.97% from June 28 to July 31, closing at BRL 137.18 per 60-kg bag on July 31. In July, the Index averaged BRL 138.09/bag, 0.6% lower than in June.
The CEPEA/ESALQ Index (Paraná) moved down 1.01% in July, to close at BRL 133.14 per 60-kg bag on July 31. The average in July was BRL 133.07/bag, downing 0.4% compared to the month before.
According to data from Secex, the daily average of soybean shipments in the partial of July (15 producing days) is at 514.4 thousand tons, 11.4% more than that observed in the same period last year.
(Cepea-Brazil)
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Fonte: Cepea