Domestic soybean prices register reaction

Researchers at Cepea indicate that the Brazilian soybean market appears to be seeking better direction in light of recent news about harvests in South America, the pace of cultivation in the United States and the trade war between the North American country and China.

In light of this, soybean prices fluctuated last week within a small range, but overall showed a reaction after the losses recorded in previous weeks.

According to researchers at Cepea, in the national spot market, while buyers continue to try to acquire new lots at lower prices, producers are staying away from the spot market, waiting for new reactions.

In the foreign market, soybean prices are on the rise, driven by adverse weather conditions in the United States and Argentina.