# Soybeans available at US$485/tonne! The best thing that could have happened to Brazilian producers is Lula winning – Prograin

> Paranaguá spot soybeans were quoted at US$485 per tonne, versus US$350 for Rosario, according to Cepea-Esalq. The sharp dollar rise against the real after Lula's election win boosted Brazilian export competitiveness and spurred foreign buyer interest.

- Date: 2026-11-04 · published 2026-11-04T19:36:05.644Z
- Category: market · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/80388-soybeans-available-at-us-485-tonne-the-best-thing-that-could-have-happened-to
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

A cheaper real lifts Brazilian export competitiveness and draws buyers to spot Brazilian cargoes, while Argentine soy faces a wide discount, and EU demand for Brazilian meal ahead of EUDR rules supports Brazilian export prices.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- DIESEL: bullish ▲
- USDBRL: bullish ▲

## Sources

- prograin.com: https://prograin.com/2026/11/04/soja-disponible-a-485-us-tonelada-lo-mejor-que-le-pudo-haber-pasado-a-los-productores-brasilenos-es-que-ganara-lula/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.