Management Report 2020
SLC Agrícola
Management Report 2020
Soybean
Figure 11
Soybean prices in international market and Brazil
1550
1450
1350
1250
Soybean prices in Chicago and Paranaguá
registered similar trends during 2020, in
accordance with the different periods ob-
served, as shown in Figure 11. Since they
hit a low of around 8.50 USD/bushel in
April, soybean prices in Chicago have reg-
istered a solid and consistent recovery to
levels around 14.50 USD/bushel.
US Cents/bu
1150
1050
950
850
750
Jan -19 Apr-19
Jul-19 Oct-19 Jan-20
Source: Bloomberg
Soybean CBOT
Apr-20 Jul-20 Oct-20
Soybean -ESALQ
Jan-21
The high prices observed in Chicago dur-
ing 2020, combined with the premiums
paid and local currency depreciation, ena-
bled soybean prices to reach levels above
those in the same period last year and,
more recently, to over 170.00 R$/bag,
based on CEPEA data for Paranaguá.
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