Exchange rate and premium limit increases in Brazil

The valuation of the Real against the dollar and decreasing export premiums have been limited Brazilian soybean increases. Last Thursday, July 12th, the exchange rate averaged 1.8740 reals per dollar, the lowest value since October 2000.

On the other hand, at the Chicago Mercantile Exchange (CBOT), prices are very attractive for sellers. The soybean value averaged more than 9.00 dollars per bushel (20.00 dollars per bag of 60 kilos) on Thursday, July 12th, for July/07, August/07 and September/07. It is the highest level in dollar since July 2004.

In the first fortnight of July, the soybean price at the CBOT for the July/07 upped 7.4 percent, from 8.50 on June 29th to 9.13 dollar per bushel on July 13th. For the CEPEA/ESALQ Index (Paraná state), the increase was of 3.5 percent in the same period, averaging 32.09 reals or 17.16 dollars per bag on Friday, July 13th.

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