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Cepea, March 4, 2024 – Soybean prices were moving down in both domestic and international markets in late February, operating at levels that are 30% lower than in the same period of 2023. Export premiums, in turn, upped at the end of the month, due to the firm international demand. As a result, the liquidity increased in the domestic market, with deals involving both the product from the current crop (2023/24) and the soybean that will be harvested in 2025 (2024/25 season).
In February (between Jan. 31 and Feb. 29), the ESALQ/BM&FBovespa Index (Paranaguá) dropped 1.35%, closing at BRL 115.45 per 60-kg bag on Feb. 29. Comparing the averages in January and in February, the decrease is 7.3%. The CEPEA/ESALQ Index (Paraná) downed 0.25%, to close at BRL 110.70 per 60-kg bag – in the monthly comparison, the price average downed 7.6%.
CROPS – Conab indicates that the soy harvest hit 38% of the area in Brazil up to February 24, higher than the 34% observed a year ago.
(Cepea-Brazil)
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Fonte: Cepea