New raises even with decreasing export premium

Soybean prices moved up at the Chicago Mercantile Exchange (CBOT) during the first fortnight of August. From July 31st to August 15th, the contract August/07 increased 2 percent, returning to be settled at around 8.50 and 8.60 dollars per bushel. Export premiums in Brazil, in turn, dropped, however, not enough to pressure FOB prices down.

The FOB value to delivery in August by the Paranaguá port was calculated in 317.48 dollars per ton on Wednesday, up 3 percent over July 31st. In the domestic market, the CEPEA/ESALQ Index (Paraná state) upped 10.5 percent in Real, averaging 35.15 reals or 17.31 dollars per bag of 60 kilos on Aug 15th. The support came from the increasing FOB prices and the devaluation of the Real against the dollar.


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