SOY EXPORTS ACCELERATE DUE TO DECLINING PRICES AND FEAR WEAKENED DOLLAR EXCHANGE RATE.

19/06/2021

Of the approximately 2 million tons of soybeans traded by Brazilians in the last two weeks, an acceleration in volumes was noted in the last three days.

The declining prices and the fear of a greater fall in the dollar have already set the tone for new sales since the beginning of the month, according to Money Times.

With the push for news of a higher Selic rate, as confirmed this Wednesday, and the usual bearish reflex on the American currency, producers did not waste time.

Source: Money Times