The increase in demand and export of soy inhibit the growth of prices
the Brazilian farmers in the past month, several stepped forward sales of soybeans harvest 2016/17 MG and as of the end of November realized a 34% gross harvest of oilseeds, while at the end of October the figure was 29%.
the Recovery in sales contributes to the growth of the world prices for soybeans and the devaluation of the Brazilian real.
However, despite the accelerated pace of sales, this figure still surpassed the same period last year, when it stood at 44%, and the average for 5 years is 40%.
the Farmer was somewhat concerned about the level of margin, because now the average sale price is 77 Brazilian reais per bag, while 2 month ago it was 85 BRL per bag.
Ukraine since the beginning of September exported over 820 thousand tonnes of soybeans, including 550 thousand tons in November. Good demand supported prices at 370-373 $/ton delivery to port. However, logistical problems some traders are not able to generate sufficient volumes of soybean in ports, refuse further purchases.