Brazil's soybean production is lower than expected and local soybean prices are stronger

Introduction: Jones Sao Paulo, April 23: according to the report released on Tuesday by mprado, Brazil's agricultural consulting agency, Brazil's soybean harvest has been completed by 80%, and the preliminary statistical output level may be lower than the original forecast level According to mprado's survey, except for the impact of drought on output in southern Brazil, Brazil's overall soybean may not meet the previous expectations, which will lead to restrictions on soybean export and squeezing &Due to the limitation of soybean supply, soybean prices in the south of Brazil have risen despite the peak harvest period Therefore, at present, in Parana and Rio Grande, the local price of soybeans is 1 real higher than the delivery price of main ports As Brazil's soybean crushing industry is mainly located in the south of Brazil, which is affected by drought this year, the main reason for the recent rise of domestic soybean prices in Brazil is the reduction of soybean production &Note: one dollar is R $2.34 One bag is equal to 60 kg.