Soybean Trade Slows Down in Brazil Amid Price Mismatch

Soybean trading in Brazil has slowed significantly, hindered by a mismatch between buyers’ prices and sellers’ expectations.

According to researchers from Cepea (Center for Advanced Studies on Applied Economics), buyers are cautious in light of falling international prices and lower export premiums in Brazil, reducing export parity. This cautious environment is further influenced by a record domestic supply and increasing availability from Argentina.

On the other hand, sellers are optimistic, pointing to Brazil’s strong export performance in April and anticipating higher international demand in the coming months.

In April, Brazil exported 15.27 million tons of soybeans—up 4.2% from March and 4.2% higher than the same month in 2024, according to data from Secex. This figure represents the third-largest monthly soybean export volume in the country’s history, behind only June 2023 (15.58 million tons) and April 2021 (16.11 million tons). However, shipments to China—the top buyer—fell by 3% between March and April.

Source: CompreRural

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