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The Cepea/Esalq indicator at Paranaguá rose 0.34% to R$160.41 per bag on November 11, its first close above R$160 since October 28. Safras & Mercado attributed the gain to a firmer dollar against the real, while Chicago soybeans closed up 0.22% at US$12.3075 per bushel.
A stronger dollar against the real lifts domestic soybean prices in Brazil and encourages sales, while the Chicago gain supports the export parity. Together these point to firmer soybean prices in the near term.
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.