Stock was a good option for Brazilian growers

Comparing the nominal soybean price (in Real) of the first fortnight of April this year to that of the second fortnight of August, it is noted a financial remuneration of 3 percent to the month for the product stocking during the period. It means that growers who are trading at this moment are having better earnings in relation to those who traded previously.

This optimistic scenario for growers is linked to the raises of the international market and to the increasing demand by the Brazilian product. At the Chicago Mercantile Exchange (CBOT), the contract September/07 upped 4.07 percent from July 31st to August 31st, returning to average more than 870 cents of dollar per bushel. Export premiums, in turn, kept positive in the same period.

The ESALQ/BM&F Index (Paranagua port) increased 16.16 percent in Real, at 39.74 reals or 20.25 dollars per bag of 60 kilos on Aug 31st. The CEPEA/ESALQ (Paraná state) raised 14.84 percent in Real during August, at 36.53 reals per bag of 60 kilos. In dollar, this Index closed at 18.61 dollars per bag of 60 kilos, the highest value since April 2004.

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