In the international market, soybean futures contracts are working on a positive trend, heading towards the third consecutive day of appreciation. The contract expiring in May, on the Chicago Stock Exchange, has accumulated an increase of almost 10% in one month.
Despite the uncertainties regarding China, data from TradingView shows that the oilseed has reached a level driven by optimism with the demand for biofuels in the domestic market in the United States amid the rise in oil prices.
In the Port of Paranguá, PR, the price fell slightly by 0.28%. With a bag traded at R$ 126.17. The accumulated increase in the month is 1%.
Within Brazil, the most recent survey by Conab (National Supply Company) shows that 32.3% of in Brazil. This rate is below the average recorded over the last five years, of 36%. Excessive rain in most producing regions has delayed the progress of work.
In Goiás, according to Conab, the harvest is progressing but in some regions the quality of the grains is already affected by excessive rainfall. In Paraná, the dry weather in recent days favors the maturation and advancement of the harvest, but affects the productive potential of the areas in grain filling.
CORN
Corn futures contracts are trending upwards in Chicago with the May contract up slightly by 0.34% this Thursday (26).
On the Brazilian Stock Exchange (B3), corn futures prices registered an increase of 4.8% in the month. The advance may be compromised by the exchange rate. The devaluation of the dollar against the real, at its lowest price since May 2024, reduces the competitiveness of Brazilian grain in the foreign market.
CAFÉ
World coffee production is expected to reach 180 million bags in the 2026/2027 harvest.Rabobank.
The good weather conditions in Brazil made the Dutch bank raise its global projection. Conab projects record production of 66.2 million bags. The broker Eisaestimates that the new Brazilian coffee harvest will reach 75.8 million bags.
The increase in global supply, added to the constant flow of coffee to warehouses certified by ICE Futures (New York Stock Exchange), is reflected in prices. Also according to Rabobank the sale of funds “accelerated the fall in prices that could recover in the short term”.
This week, the lowest value in the last 15 months was this Wednesday (25). The May contract, on the New York Stock Exchange, reached US$2.7581 per pound, with a slight recovery at the end of the session. This morning the price is heading towards a new drop, close to US$ 2.80 per pound.
In the Cepea Indicator, Arabica coffee is quoted at R$ 1,796 per bag, with an accumulated drop of 14.25% in the month of February.
The large volume of coffee produced will reflect on Brazilian exports. This is the assessment of the Hedgepoint Global Markets consultancy. Brazil is expected to export between 45.5 million and 46.8 million bags. An increase of 8.3% to 11.4% compared to the previous cycle when 42 million bags were shipped.
