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The 2018/19 soybean activity in the Brazilian market seems to be gaining momentum, and it has only been in recent days that China has bought six to seven soya beans for shipment in February , which would add more than 400 thousand tons. According to Vlamir Brandalizze, consultant at Brandalizze Consulting, it was a soya closed in the order of R $ 79.00 per bag.
The move did not allow for any major changes in the current Brazilian product price scenario, despite a slight improvement in premiums, according to the executive, and indicates that the Asian nation's demand for domestic soybeans remains very active.
In addition, purchases are also made at a crucial time for the Chinese before the arrival of the Lunar New Year holidays and also face a reduction in stocks at that time.
According to market badyst Luiz Fernando Gutierrez of Safras & Mercado, the range of ships waiting for Brazilian soybeans is increasing and is already equivalent to about 3 million tons for the next few weeks.
However, Brandalizze draws attention to the fragility of such movements. "China knows that it can not enter very aggressively in purchases because it can significantly increase the premium in Brazil.In addition, new companies, for longer shipments, remain scarce," said the consultant.
Chicago Stock Exchange
At the Chicago Stock Exchange, Thursday was another empty day of information for speculators and limited deals. The main contracts closed the day with modest gains of 0.75 to 1 point.
"Despite the absence of more conclusive information on demand in the United States (34 days of immobilization of the USDA), the game of" good policeman
good "Police officer" practiced by US government officials at the present time has made it difficult for market operators in Chicago, "said ARC Mercosul market badysts.
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