Cepea surveys indicate that, throughout May, soybean prices fluctuated within a narrow range.
According to the Research Center, the small variations have been influenced by the supply context in South America, the pace of cultivation of the new crop in the United States, even by the impacts of North American tariffs on other countries and by reactions from governments affected by such measures.
Last week, Cepea surveys showed that prices remained slightly under pressure, and the monthly average for May ended up being below that of April. Meanwhile, soybean grain exports continue to accelerate.
Wheat
Wheat prices have fallen on average, according to Cepea. According to the Research Center, the pressure came from the advance of sowing in Brazil, the expectation of a record world harvest and the projection of growing Argentine production.
In general, Cepea observed a greater disparity between the values offered by agents active in the spot market. Throughout the month, negotiations involving wheat were slow.
Buyers sought to acquire only specific lots and, as a result, kept their price offers below what was expected by sellers. Wheat growers, on the other hand, were focused on field work and cautious about making new lots available, as explained by Cepea researchers.
