Commercial soybean operations within the framework of the Export Increase Program II (PIE II), which began on November 28, exceeded four million tons over the last three weeks, while soybean purchases currencies by the Central Bank were located above US$ 1,100 million.
This way, producers and agricultural companies sold a total of 4,033,449 tons after the reopening of the differential exchange system known as the “soybean dollar”of $230 per dollar for the soybean complex until next December 31.
Of this total, 2,619,264 tons correspond to sales and exchange contracts, while fixations (price fixing operations for merchandise that was previously marketed) totaled 1,318,878 tons so far, among other items.
As expected, this volume is below that recorded in the first edition of the PIE in September, when 12,162,020 tons were sold in the same number of days, due to the existence of soybeans in the hands of producers in at that time, estimated at 20 million tons, doubled those currently counted, estimated at around 10 million tons.
Regarding this Monday, the SioGranos monitor, the official platform where grain purchase and sale operations are registered, until 7:30 p.m. the operations totaled 54,956 tons, at a record average price of $100,000 per ton.
In the case of the Rosario Stock Exchange (BCR), the registered price was $95,000 a ton, which meant an increase of $1,000 compared to last Friday, both for immediate delivery and fixings.
For their part, the foreign exchange income of agricultural exporters to the Single and Free Exchange Market (MULC) has already reached US$ 1,931.95 million, a figure equivalent to 60.4% of the US$ 3,000 million committed for the entire month. by the Chamber of the Oil Industry and the Center for Cereal Exporters (Ciara-CEC).
Thus, the Central Bank (BCRA) closed the conference with a positive balance of US$ 52 million, which was the fourteenth consecutive day of purchases after the reimplementation of this special exchange regimeso the total amounts to almost US$ 1,106 million.
The second edition of the PIE program takes place in a context in which, although the liquidation of foreign currency by the grain and derivatives export sector reached a historical record of US$ 36,713.5 million in the accumulated year, especially due to the boost registered in September when the first stage of the plan was in force.
October and November, the months after the first edition of the “soybean dollar”, were weak in terms of the income of dollars.
In fact, last month, Ciara-CEC reported that companies in the sector liquidated US$1,697 million, 17% less than the same month of the previous year, but 14% higher than last October, when US$1,217.3 entered millions.
In last September’s edition of the differential dollar, soybean trade reached 14 million tons and foreign currency settlement climbed to US$ 8,125 million, an unprecedented amount in the history of the sector.
