Cepea, 25/11/2024 – Domestic and external soybean prices fell over the past week. According to Cepea researchers, the pressure came from the end of the harvest in the United States, the good pace of planting in Brazil and Argentina, and a slowdown in global demand. On the other hand, the stronger dollar against the Real limited the domestic decline. Agents from Brazilian crushing industries, who had been buying good volumes of soybeans in recent weeks, are now staying more on the sidelines, Cepea researchers explain. On the sellers' side, the Center notes some resistance in negotiations over the remaining 2023/24 crop, with many indicating they have no immediate cash-flow needs. Source: Cepea (www.cepea.esalq.usp.br)