Soybeans: Paraná indicator reaches nominal record

Soybean prices are on the rise in Brazil, influenced by higher domestic and foreign demand.

RIO DE JANEIRO, BRAZIL - According to CEPEA (Center for Advanced Studies on Applied Economics) researchers, part of producers prefer to sell soybeans over corn, which increases liquidity in the oilseed market.

Therefore, although it is the final harvest period in Paraná, the Cepea/ESALQ indicator for soybeans reached R$172.66 (US$31.13)/60 kg bag on April 14th, a nominal record in the CEPEA series, which began in July 1997.

On the other hand, another share of sellers shows no interest in closing deals for delivery in the short term, aware of the higher parity of export for . . .

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