Home Agribusiness Soybeans: Demand Heated by Bran and Oil Boosts Negotiations

Soybeans: Demand Heated by Bran and Oil Boosts Negotiations

The ESALQ / BM & FBovespa Indicator for Paranaguá soybean (PR) rose 2.2% between May 17 and 24, going to R $81.13 / 60 kg bag on Friday,

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The greater internal and external demands for bran and soybean oil boosted the negotiations and the prices of these derivatives. In the case of bran, domestic demand comes especially from the animal protein segment.

As for oil, a portion of the industries indicates that it has compromised the product by the middle of June — most of it should be destined to the production of biodiesel.

According to research by Cepea, the increase in the prices of the derivatives was also linked to the appreciation of the raw material and to the retraction of the domestic soybeans in the commercialization involving large lots. In addition, fears about a possible change in the minimum freight rate have left fearsome traders in the forward contract negotiations.