Strong exports support soybean prices in Brazil

Cepea surveys show that domestic soybean prices remained firm last week, supported by higher demand, especially external demand. Liquidity in the national spot market, however, remains slow.

According to the Research Center, national agents are attentive to the possibility of a trade agreement between China and the United States.

In May, Brazil exported 14.09 million tons of the grain, 4.9% more than the volume shipped a year ago, but 7.7% below the volume shipped in April, according to Secex data analyzed by Cepea.

In the partial of 2025 (until May), shipments total a record quantity of 51.52 million tons of soybeans, 2.7% above that sold in the equivalent period of 2024.

For the second half of the year, Cepea researchers explain that producers are showing interest in negotiating the oilseed, encouraged by the higher export premium to the detriment of the spot market and, consequently, by the more attractive export parity.