At 9:28 am (Brasilia time) this Monday (6), the May soybean contract traded on Chicago Stock Exchange (CBOT) registered a moderate increase of 6.00 points and 0.52%, quoted at US$ cents 1,169.50/bushel. The July contract advanced 5.75 points and 0.49%, to US$ cents 1,185.75/bushel. In the last trading session (2), the futures they closed in fall, with a decline of 0.43% for the May contract, to US$ cents 1,163.50/bushel, and a loss of 0.38% for the July contract, to US$ cents 1,180.00/bushel. However, both appreciated during the week by 0.37% and 0.40%, respectively. Regarding the derivativesMeanwhile, oil and soybean meal rose by 0.22% and 1.21%, respectively.
Wasde on the radar
This morning, the market benefited from the appreciation of derivatives, as agents positioned themselves before the release of the monthly supply and demand report (Wasdeof United States Department of Agriculture (USDA), scheduled for Thursday (9). In the last edition, the USDA It estimated U.S. soybean production at 115.99 million tons for the 2025/26 crop year, down from 119.05 million tons in the previous cycle.
Harvest in Brazil limits profits.
However, gains were limited by the progress of the Brazilian crop harvest, where less than 25% of the area There is still more to be harvested, according to the latest survey by DATAGRO GrainsOn the radar, uncertainties remain regarding the war in the Middle East between the US, Israel, and Iran. The escalation of tensions has driven up oil prices and generated concerns about the transport of agricultural inputs through the Strait of Hormuz.
This text was translated by machine from Brazilian Portuguese.