Brazil soy sales reach 55% of the crop until February, says AgRural

SÃO PAULO-Brazil soy marketing advanced to the country''s anticipated harvest 55% in 2015/16, by the end of February, up five percentage points to the total marketed until January, said on Friday the AgRural consultancy.
According to the consultancy, the dollar around 4 dollars in some moments of February animated producers selling 2015/16 soy on the market available, with the harvest in progress.
The move was enough to make the brazilian marketing move "only" five points in the month, assessed the consultancy.
"Even so, the strong pace of advance sales still ensures an advantage over 40% a year ago, when it sold the vintage 2014/15," he added.
However, in the first week of March, the sharp drop in the dollar on the real had significant impact on prices and left the Brazilian soya market even more jammed, said AgRural.
In some squares, the prices of 60 kg bag came the retreat 4 reais ( -6 per 100) compared to last Friday.
The dollar closed down on Friday, marking the biggest weekly low in more than seven years, with the new phase of the operation car wash reaching former President Luiz Inacio Lula da Silva.
WAITING FOR RECOVERY
In the Midwest, 64% of the harvest was compromised for sales by the end of February, compared with 58% a month and 49% a year ago.
"After negotiating good volumes in real, most producers still hoping for the recovery of prices in dollars. Therefore, businesses that come out are just to make the box, "said AgRural.
In smile (MT), CIF delivery lots ran for 65 reais/sack, but the average price stood at 59.75 dollars.
In the South, the marketing has advanced only three points, reaching 39%, against 22% a year ago. "After selling part of the harvest for future delivery, now the producers intend to return to negotiate only with the goods in hand", assessed the consultancy.
According to analysts the Agrural, with rain in much of the Center-South of Brazil, the 2015/16 crop harvest of soybeans lost a bit of pace this week, finishing with eight points and 41% advance of the brazilian area harvested, in line with the same period last year and slightly ahead of the 39% of the five-year average.