Soybean dynamics in Central Brazil
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Last Update: 2002-02-04
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Source: Internet
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Author: User
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Introduction: Sao Paulo news: this week, with the introduction of new beans, soybean prices in central and western Brazil began to decline In addition, the southern region is also under certain pressure due to the decline of CBOT period price But the southernmost crop cuts are supporting prices Domestic market, due to the relatively strong negative atmosphere, generally speaking, domestic market trading is flat There is a deal in Mato Grosso Province, where the harvest is in full swing Traders say it is now a buyer's market in the north and central part of Mato Grosso, where about 1 million tons of soybeans have been harvested, accounting for 10% of the province's soybean production Last week, farmers were also worried about the impact of rain delays on sales contracts Now they have enough soybeans to meet the short-term needs of the crushers But the crushers are now waiting for prices to fall further, with new areas starting to harvest every day In Sorriso, north of Mato Grosso, soybean prices dropped Thursday to 18.50 rials / 50kg, compared with 19.20 a week ago and 23.50 a month ago Meanwhile, Rondonopolis in the South quoted 20.50 rials per package, down from 22.80 seven days ago and 24.00 two weeks ago (author:) share to feed Weibo share to:
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