Soybean prices in the Brazilian market climbed over the past week, according to data from Cepea (Center for Advanced Studies in Applied Economics). Researchers from Cepea attribute this increase to the appreciation of the Brazilian real against the U.S. dollar, which attracted foreign buyers to Brazil and drove up export premiums for soybeans.
Additionally, the upward trend in soybean prices is linked to the cautious behavior of some sellers, who are avoiding large spot market sales and opting instead for storage. These sellers are choosing to negotiate their stocks during the cultivation period of the 2024/25 crop in South America, as further explained by Cepea researchers.
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