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The prices of soybeans and byproducts retreated sharply in recent days on the domestic market, according to surveys of Vancouver. Only at the port of Paranagua, which there is no effective price signalling, with nominal values only. With that, the BM & FBovespa ESALQ/Indicator (product transferred to warehouses in the port of Paranaguá) has been showing the same value, in national currency, since September 25, 2012-indicator methodology takes into account the effective business; If there is, the Real value of the previous day.
Indicator finalized $ 75,73/60 kg bag on Friday, 11. In dollars, the currency foreseen in BM & FBovespa futures contracts closed at $ 37,20/60 kg sc this Friday, with slight high of 0.11% between 4 and 11 January. The weighted average of regions of Paraná, reflected in the indicator CEPEA/ESALQ, finalized the $ 64,87/60 kg sc on Friday, with sharp drop of 3.94% over the same period.
The good development of crops in Brazil and the advancement of cultivation in Argentina gave the tom bass. Also weighed the cancellations of American export contracts by China, as well as the restriction of purchases on the domestic market. Market agents were pricing in the possibility of South America have a record crop this season 2012/13.
Cepea/Esalq
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1/14/2013 Soy/CEPEA: prices plummet in Brazil
