Domestic prices overtake international ones

As normally occurs in this period of the year, the difference between the domestic soybean prices and the international ones has been enlarging. The reason is that Brazilian soybean exports usually reduce in this period, since the demand is directed to countries of the North Hemisphere, which are finishing harvest activities.

At the end of November, Brazilian soybean exports moved at a slow pace. On the other hand, domestic industries were more willing to trade, which resulted in superior domestic values over the international ones. The high international demand by oil and soy meal also contributed for the upward trend in Brazil.

Between Nov 23rd and 30th, values downed slight 1.8 percent at the Chicago Mercantile Exchange (CBOT) and the Real valuated 0.6 percent in relation to the dollar. The CEPEA/ESALQ Index (Paraná state) moved up 2.2 percent, averaging 43.77 reals or 24.41 dollars per bag of 60 kilos this Friday, Nov 30th. For the product delivered in the Paranaguá port (the ESALQ/BM&F Index), the increase was of 1 percent, at 43.89 reals or 24.48 dollars per bag of 60 kilos.

In November's average, the contract January/08 averaged 23.34 dollars per bag of 60 kilos at the CBOT. For the soybean FOB price to delivery in December/07, the average of Nov was of 24.72 dollars per bag of 60 kilos - the support came from positive export premiums. The CEPEA/ESALQ Index, in turn, averaged 23.77 dollars per bag of 60 kilos, also superior to the value at the CBOT.

Regarding the planting in the Rio Grande do Sul state, activities have already reached around 60 percent - Emater (Regional Agriculture Office). In Parana state, more than 95 percent of the total area was already cultivated, according to the Seab (Parana Agriculture Secretariat).


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