Brazil's soybean exports continue to rise

Introduction: Brazil's soybean spot export premium continued to rise this week, Brazil's soybean spot export premium continued to rise this week, and the soybean price in the local market also climbed with the international soybean price According to traders at a broker in Mato Grosso, trading has been brisk this week, both in the futures and spot markets Brazil's soybean prices rose daily as Chicago Board of trade soybean prices rose this week and the local real fell against the dollar Ejp was trading at 3.21 to the dollar Thursday, compared with less than 3 to the dollar last week The soybean price of ejp CBOT also rose all the way to a new contract high after the USDA issued a report on the yield and supply and demand of the soybean Ejp local market, exporters for recent shipments of soybeans for 41 reais per bag, palanagua port FOB price, higher than last week's 36 reais Freo Franka, an analyst at safras e Mercado, ejp's Parana based agricultural consultancy, said it looked like soybean prices would continue to rise, with the only uncertainty being the exchange rate He explained that the price of local soybeans in dollar terms would continue to rise, but if the real strengthened, the price of soybeans quoted in the local currency might fall The FOB price of ejp's September shipment of soybeans at the port of Paranagua is about 26 to 30 cents per bushel in the CBOT period, compared with 23 to 27 cents in the same period last week The price of soymeal for ejp's September shipment is about $21 to $24 per short ton discount in CBOT, compared with $21 to $21.50 last week In September, the soybean oil premium was about 50 to 70 points per bushel during CBOT, compared with 50 to 80 points last week Note: one dollar is 3.21 reais, and one bag is 60 kg.