Driven by soybean meal, soybeans closed lower on the CBOT this Wednesday.

The May soybean contract traded on Chicago Board of Trade (CBOT) ended this Wednesday (1st) in slight decrease of 2.50 points and 0.21%, quoted at US$ cents 1,168.50/bushel, with a gain of 0.80% so far this week. The July contract, however, fell 1.50 points and 0.13%., the US cents 1,184.50/bushel – weekly increase of 0.79%. In relation to derivativesMeanwhile, the price of soybean oil fell by a significant 2.57%, while soybean meal rose by 0.57%.

War in the Middle East puts pressure on assets.

In this trading session, prices were pressured by the fall in the price of crude oil, a reflection of the unfolding conflict in the Middle East, following comments by US President Donald Trump suggesting that the end of the conflict might be near. The Republican, who will give a new update on the war at 10 pm, stated that the US would end the war against Iran soon and could return to "targeted strikes" if necessary. Contrary to the president's statement, Iran denied any request for a ceasefire with the US. Despite this, oil prices fell today, with Brent crude falling below US$100 a barrel, impacting the competitiveness of biofuels made from soybeans and other grains. Investors also assessed the new area projections for the 2026/27 US crop. According to the The country's Department of Agriculture (USDA), American farmers must sow 34.27 million hectares with soybeans, advance of 4% Compared to the previous cycle, despite the growth, the number was slightly below market expectations, which projected 34.60 million hectares.

Brazilian harvest remains on the radar.

Investors are also monitoring the progress of the harvest in Brazil, which is heading towards a… record harvestAccording to DATAGRO Grainsless than 25% of the area still remains to be collected, with data updated until last Friday (27). In the same period last year, the works were at 83%, while the average over the last five years is 76.3%On the radar, the USDA publishes tomorrow (2) its weekly export sales report, the

This text was translated by machine from Brazilian Portuguese.