Soybean values are firm in Brazil, sustained by international increases. Averages in April (until April 25) of the ESALQ/BM&FBovespa Index (Paranaguá) and the CEPEA/ESALQ Index (Paraná) are 2.2% and 2.9% higher than those registered in March and are already the highest since January this year. In that period, concerns with weather conditions on crops in South America were boosting quotations.
The ESALQ/BM&FBovespa Index (Paranaguá) rose 0.5% from April 18-25, closing at BRL 128.15 per 60-kg bag on April 25. The CEPEA/ESALQ Index (Paraná) upped 1.1%, to close at BRL124.98 per 60-kg bag. On the average of the regions surveyed by Cepea, soybean prices increased 0.6% in the over-the-counter market (paid to farmers) and 0.5% in the wholesale market (deals between processors). From April 18-25, the US dollar downed 1.5%.
In the United States, prices rose due to the lack of soil moist in some areas and to oil valuations.
CROPS – The soy harvest is close to the end in Brazil. Data from Conab indicate that 86.8% of the area had been harvested up to April 21, below the 89% verified a year ago.
BYPRODUCTS – Quotations have presented different trends this week. The value of soy oil dropped 0.5% between April 18 and 25, at 5,107.83 BRL per ton (in São Paulo city with 12% ICMS) on April 25. On the average of the regions surveyed by Cepea, soymeal prices increased 0.5% in the last seven days.