As reported by Successful Farming on Sept. 25, large
amount of export has caused sharp declination of domestic soybean inventory in
Brazil according to the data released by Cepea of USP (University of Sao
Paulo). The short supply is driving price growth. The soybean price in this
week reached the high record of BRL150.86 (equaling to USD27.13)/bag (60kg),
approaching to the highest record of BRL153.40/bag (60kg); on Sept.25, the
price fell to BRL146.63/bag (60kg)