Falling dollar slows pace of soybean sales in Brazil

The fall in the dollar, which last week reached its lowest level since June 2024, has driven sellers away from negotiations involving large volumes of soybeans, according to researchers at Cepea – the devaluation of the US currency tends to put pressure on export parity and, consequently, domestic values.

According to the Research Center, these agents are trying to take advantage of business opportunities, since the drop in interest rates in the United States (0.25 percentage points) and the stability of interest rates in Brazil (which are at their highest level since 2006) can attract dollars to the Brazilian market and reduce the exchange rate.

Another group of agents, according to a Cepea survey, was cautious in the negotiations, paying attention to field activities in the US and Brazil.

According to Conab's first estimate for the 2025/26 harvest, the Brazilian soybean cultivation area could reach a record 49.08 million hectares, with production of 177.6 million tons of the oilseed, slightly more optimistic than the USDA, which estimates 175 million tons.