Domestic and Chinese demand boosts Brazil's soybean market

Cepea surveys show that negotiations involving soybeans and derivatives are more heated in Brazil at the beginning of August.

According to researchers, this scenario is due to international interest, especially from China, and the greater need for domestic crushing industries.

In July, Brazilian exports reached a record for the month, totaling 12.25 million tons of oilseeds, according to Secex data analyzed by Cepea.

In the partial of this year (from January to July), shipments are also at historic highs, totaling 77.2 million tons of grain.

Despite the strong demand, the significant devaluation of the dollar against the Real prevented strong increases in domestic prices, according to the Research Center.