Sector’s focus is on futures contract oscillations

The Brazilian soybean market remains focused on the North-American weather conditions. The contracts closing at July and August, usually move fast, either up or down, depending on the progress in plant growth.

According to Secex, in June, Brazilian soybean exports reduced 27.4 percent in relation to May. From February to June, total exports summed to 11.76 million of tons, 15 percent superior to the same period of 2005.

In Brazil, soybean has been traded around 27.60 reals or 12.70 dollar per bag of 60 kilos, according to the Cepea/Esalq Index for soybean (Parana State).

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