The soybean market remains stable due to high supply in Brazil.

The high supply of soybeans in Brazil has sustained liquidity in the spot market. On the other hand, this scenario of greater availability has prevented soybean prices from rising significantly.

According to researchers at Cepea, even with strong demand, the prospect of a record harvest is maintaining market equilibrium. Therefore, prices are relatively stable.

In the fields, the Brazilian harvest has reached 88.1% of the area, with varying rates across regions, according to Conab. In the Northern Hemisphere, weather conditions remain a concern, according to the Research Center. Despite concerns about low soil moisture, rainfall forecasts may alleviate the situation.

In the United States, planting reached 12% of the expected area by April 19, exceeding both last year's pace and the average of the last five years, according to the USDA.