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Soybean crush margins in Mato Grosso, Brazil fell 20% in the week to August 27, pressured by lower futures and a 3.4% appreciation of the real against the dollar. Domestic corn prices also fell 1.0% on the week to BRL78.31 per 60kg bag.
A stronger real and weaker domestic bean and meal prices reduce Brazilian crush incentives and export offers, while lower Brazilian corn prices add mild pressure to global corn values.
fastmarkets.comEduardo TintiAug 31, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
