Lower supply softens reductions

Brazilian soybean prices moved down in April, but with less intensity in the last 15 days. The reason is the lower selling pressure during this year, due to the higher anticipated trades. In average, prices received by growers dropped 3.3 percent in Real from the beginning of April to Apr 30th. In trade between companies, the decrease was of 5.4 percent in the same period.

The CEPEA/ESALQ Index (Paraná state) averaged 29.91 reals or 14.69 dollars per bag of 60 kilos on April 30th, up 0.3 percent in Real and in dollar in relation to Apr 16th. The ESALQ/BM&F Index, which represents the product delivered in Paranagua port increased 0.22 percent in Real and 0.3 percent in dollar between April 16th and 30th.

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