Management Report 2020
Management Report 2020
TABLE 26. HEDGE POSITION
Crop Year
%
R$/USD
FX hedge | Soybean
2019/2020
2020/2021
2021/2022
Ano agrícola
100.0
4.4814
67.5
5.0885
9.8
5.6104
%
USD/bu²
Commitments¹
Commitments¹
FX hedge | Cotton
Crop Year
%
R$/USD
Commitments¹
2019/2020
2020/2021
2021/2022
Ano agrícola
96.4
4.4476
69.8
5.3236
15.4
5.8486
%
US$/lb²
Commitments¹
FX hedge | Corn
Crop Year
%
2019/2020
2020/2021
2021/2022
Ano agrícola
R$/USD
100.0
4.4681
59.7
5.2383
24.8
5.6672
%
Commitments¹
R$/bag³
Commitments¹
Commodity hedge | Soybean
SLC Agrícola
2019/2020
2020/2021
2021/2022
100.0
56.7
20.6
10.29
10.92
11.03
15.9
14.4
Commodity hedge | Cotton
2019/2020
2020/2021
2021/2022
98.7
70.89
71.6
66.27
41.3
74.32
Commodity hedge | Corn
2019/2020
2020/2021
2021/2022
100.0
61.9
35.38
37.29
40.0
49.82
1. Commitments for payment of securities fixed in US dollars, natural hedge with payments of land and leases in soybean bags.
2. FOB Porto base prices at our production units are also influenced by transportation expenses and possible quality discounts.
3. Farm price.
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