Soybean price drops in the Brazilian market

According to the Cepea, quotes are influenced by the advancement of the harvest in the United States and the falling dollar
The advance of soybean harvest of the United States and the high rates of productivity recorded so far have depressed international prices. The fall of the prices in Chicago and the devaluation of the dollar against the real reflected on prices in Brazil, which also had low last week.
Is that assess the researchers of the Center for advanced studies in applied economics (Cepea). In a note released on Monday (9/26), they also claim that the current internal demand has not been enough to sustain prices in the domestic market.
Between 16 and 23 September, the indicator for the grain based on export corridor of Paranaguá (PR) fell 2.07 percent to 78.52 R$ closing out 60 pounds on Friday (23/9). The weighted average of soybean in Paraná closed the R$ 75.81 the draw on Friday, down 1.7% over the same period.